Which is why I picked a property that’s unlikely to have mechanical failures. Metal (not PEX-crap) plumbing. Common laundry and hot water appliances. Ground floor unit, so no risk of flooding out a unit below it. Electric self-contained wall heaters.

And as for anything, tenants will be screened VERY carefully, though perhaps in an unconventional manner.

This isn’t all that unusual. A client who works in the construction business in NYC owns two properties in Denver that he rents out, with a view to moving to one eventually after he retires. A lady whom I rented to (short term) now lives in the city, but still owns a place in Nevada from when she lived there. Renting it quite successfully.