I'm currently a professional making around $400,000 (W2 income). 

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.

Commercial real estate are not based on comps, but on Net Operating Income and Caprate.

*data provided by Johnson Perkins Griffin Apartments Survey *data provided by Johnson Perkins Griffin Apartments Survey Meanwhile, on the demand side, job growth remains robust as more corporations seek to expand or relocate to the area.

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

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.

You can use propstream to sort past transactions for that city where the purchaser was an corporation (likely a land buyer/seller such as yourself) Skip trace those companies to get their contact information to market directly to them. 

You can also have your father or family to help co-sign as well if you need to show more income.