Notes vs. Rental Properties ?

[Naphat S.]

I understand the basic concept of investing in note vs. rental properties - no headache with Tenent/Toilet etc while rental properties come with potential appreciation (house value, rent) and tax reduction. 

1. For Note investors out there (and I mean investor who buy and hold notes for passive income), Do you also own your PHYSICAL rental properties? How do you feel about the two?

2. Does it make sense to be in REI world with NOTES only?

Thank you so much