I thought I wanted to be entirely hands off as well, but the amount of actual work is so small day-to-day, and property managers charge so much, that it is worth being hands on right now.I can assure you of this - it is NOT worth 25% of your revenue to pay a property manager when they literally spend a minute or two each day thinking about your property.

For instance, land purchase price, and site development costs should be separately financed.Per #5, also wearing my lender hat, what community/etc is out there so that if a lender did have to take control of these units, they have the assurance that they can do something with it? 

Next on payment, I think your missing the value in a tenant who is willing to work above and beyond there ability to assure rents are paid, that's solid gold.

Yes, really good points, and I agree there's way more assurance in being able to see your properties and easily visit them when needed.

This is why I advise everyone to put HML as a plan Z, the absolute LAST resort and to only consider once everything else has been exhausted AND with EXTENSIVE consideration to assure, without a doubt, it will be very short-term and is ONLY a temporary bridge-financing.

Time will tell what the turnovers look like but I spoke with two investors who have purchased in that area and they are happy with the area, tenants and overall returns so that gave me the assurance to go ahead with this.

If someone is untruthful they may not fill out the application if they are assured it will expose them. 

Highlight the benefits of having these security measures to assure guests that their safety is a priority.Moreover, provide a way for guests to disable or cover the cameras during their stay if they feel uncomfortable.

Quote from @Daniel D Ryan: I can assure you purchasing a home at 2007 did not make sense in most markets. 

When I was licensed in Massachusetts (not too long ago), virtually every property conveyed with a QC deed and buyers routinely got title insurance that covered both them and the lender.Whoever provides that insurance will run a title exam and it will have to meet their standards, but I assure you, QC deeds can be insured.To be sure we're on the same page, a QC Deed transfers whatever interest the seller holds to the buyer.