speaking from experience, it’s tough to do absentee ownership with an apartment complex.
the managers might be slumlords and/or embezell. you can get insurance for that, though.
the buildings have to be in good shape, or the tenants will hound the manager.
it is Definately best to operate a very upscale business as an absentee owner. what i mean is to be like donald trump- arrange a managers schedule to clean twice as often as ‘standard protocol’ and have an excellent assistance team to quickly reply to fix stuff.
the most important thing he taught me is that if the customers or tenants have respect for the business and buildings, you will have a less stress and way more pride.
good luck!