I can refer you to a company I use to handle my lending and note investments. 

Multiple, billion dollar companies are investing substantial amounts of money into our area, such as Intel, Google, and Amazon.

Insurance can be an issue, but there are insurance companies that don't do on-site inspections and therefore accept whatever is there.

He wants to run a food truck there.

I had an idea of "renting" spots to food trucks for the day/weekend.  

Best thing to do is first, hire a transaction coordinator (constant close or equivalent), along with a third-party note servicing company ( like Evergreen or equivalent).First, secure the sellers equity payments by executing A) Promissory Note and B) Mortgage Deed of Trust for the seller's second position. 

Can I form an LLC for a property management company to rent out the property instead of listing my personal name on the lease?

Also good to have a contact at several of the busiest local title companies, as they can keep you posted on the volume of transactions and pricing trends. 

And while we began to grow the framework of our property management company, the beginnings of institutional SFR ownership also began to grow.

You're in good company.