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In late, but renting it out remotely that far away pretty much requires a management company, or at the very least someone that can take care of local tasks.

Walkthroughs, giving keys, that sort of thing are impossible to do remotely of course. And it's good to do a visual inspection every so often, that helps mitigate against those cases where the tenant checks out perfectly but then go sideways.

Or someone to do the legwork if some repair needs to be done, coordinating someone to do the repair and meet them there (if the tenant isn't home).

If you have someone you trust locally that can do that kind of legwork stuff for you then it would be possible to do remotely (the money stuff gets handled by you via EMT and such), but as people have said it's lots of work.

For it being an investment, if it's not cash flow positive then I'd look long and hard at keeping it, keeping a property that's cash flow negative (it will be as repairs will need to be done eventually) for the appreciation isn't that good an idea IMO, that seems more like speculation.