Investors with workout expertise will find value in these opportunities, but timelines will be longer, and pricing discipline will be critical.3.

Using a Property Management app is critical to remote management.  

There are probably a bunch of details left out of your post, so I'll throw in a few comments and suggestions.You broke some critical rules for being a good landlord: No lease, no deposit.

If I can't visualize how I'd use the space, propsective applicants will feel the same.Both location and function are so important.

YouTube is probably full of great content on budgeting and all the other functions you listed.

I think it's a very effective strategy, of course who you lend to is critical. https://www.sofi.com/learn/content/self-directed-401k/

for anyone else that criticized me in the past over this.

Good tenants are the key and being proactive on replacing tenants is critical. 

They function just like conventional lending but often come with a Prepayment Penalty.  

The pick caught markets off guard given Warsh’s reputation as a relative inflation hawk and a long‑standing critic of balance‑sheet expansion and ultra‑easy money.