You give up a degree of hands-on control in exchange for convenience and reliable passive income.

A lot of high new builds $300 - $750K are bringing this area along and it is very convenient with quick highway access.

Conventional lenders will not have any issues with your physical location as long as the deal and your financials qualify.I'm a private lender which means it's easier to get approved but you pay for the convenience.

Wait until your credit card company sends you those convenience checks with a 0% APR period, usually 15-18 months and usually charge 3-5% of the amount you borrow, that is cheap money if you need it and have an exit strategy for how you're going to pay it off in full before your APR promo ends.

PM me at your convenience so that we can discuss your options and you can get back to looking at prospective properties.Best regards,Tony

If they won't/can't commit to a convenient time, let them know when you'll be on the premises.

That said, it is convenient terminology for the sake of discussion because it has worked it's way into the lexicon of REI to be synonymous with the above scenario.  

For example, there is an abandoned property just conveniently one door next to me.

I am unwilling to gamble 20 years of slow and steady building for a shot at a quick profit. 

In my experience, "convenient" properties tend to not be the best deal.