Guaranteed that would be a good return on investment.

You can always refinance or attempt to fully pay off by end of loan but there is no guarantee that interest rates won't go up. 

Meanwhile, the salary plus the distribution from the S Corp should form the basis of your income anyway... 

With the out of state investing, you'll likely need to file a non-resident return in any state where you invest and earn income if they have an income tax, and may want to talk to your CPA about making estimated payments to that state. 

Credit check, income check, debt to income check, possibly requiring a co-signer as well to ad an other layer of protection.

Much of which is cash, some is in stocks/bonds/fixed income. 

What are some of the best real estate low risk strategies investing long distance/ Out of state that can produce reoccurring income?

Buying a tax lein is paying the unpaid taxes in return for a guaranteed rate of return from the government until the owner pays the taxes.

One needs income to buy real estate .. so if you can make some income selling real estate you will also learn how to buy and sell it at the same time.. plus the connections you make can be life altering.there are many different income opportunities once you have a license.

Yes, Insurance is a tax write-off for a rental property.It is also true, that if expenses are higher than your income(not including depreciation) that it may lower your DTI Ratio.