Quote from @Matt Wan: Can I purchase a property using a traditional mortgage without being physically present for any part of the process?

My friend and I are planning to buy an investment property (My second his first). It would be his primary residence so most likely a duplex or triplex house hack. We are running into a roadblock of him getting approve...

Just so you know you can use a USPS PO Box as a physical street address now and receive UPS and Fedex there also. https://ribbs.usps.gov/index.cfm?

I see some larger single family homes in areas that appear to be zoned R2 that, at least from a physical perspective, seem like they could work for this.

For instance, said property manager manages maintenance issues, problems that arise during bookings, basically anything that needs a physical person at the property, while I manage the rest?

Being in NY maybe something to do with physical document transportation?

Many property managers tend to focus on physical occupancy rates, but what truly matters is the economic occupancy rates—the actual rent collected.

This is why YOUR due diligence is essential.RED FLAGS 🚩QI offers to pay high interest rates on exchange fundsPressure to sign documents without reviewReluctance to provide banking/security documentationNo physical office locationLimited staff availabilityPRO TIP: The Federation of Exchange Accommodators (FEA) maintains membership requirements including bonding and insurance.

I'd still venture your online ads might be more beneficial, but NOT having physical signs means you're not getting the foot traffic. 

If so, invest.Then, ask yourself does this property provide the characteristics you need for it to give you your return-- location, rental demand, buying demand, physical structure, etc.