Do you own a Hotel or Motel?

I'm looking at purchasing a hostel (similar to motel) that's been in service for 20 years, has a great reputation, thousands of 5-star reviews and has excellent cashflow.  The thing is, I live an hour away and would not be on-site daily.  I plan to manage all of the back office functions (marketing, bookkeeping, booking systems, online guest relations etc) from home and hire 2 on-site managers to live there and work 9-hour per day shifts.

I plan to automate check-in/out and use door codes, automated greetings, etc.

Does anyone own a hotel, motel, or large hospitality property and not live on-site?  I'm looking for things that could go wrong by hiring and trusting on-site managers.  I still plan to be there 2 days/wk at least until staff is up to speed (several months).