The answer is yes, but it is generally found when the owner is also living in at least one unit (aka "House Hacking").

Having a property management company seems to be a good option for me since I am living out of state.

Because if you need to live off the cash flow what you're really looking for is a business. 

(I currently live in south MS, so the Gulf Coast is where I am looking)3.

Hey Jack,I'm currently living in R.I and I grew up in MA.

I noticed their business is listed as an LLC on their Zillow profile, and we also found that they have a few other unrelated LLC businesses that didn’t seem to work out for them over the years and were short-lived.

I have legal background, billing, office and executive assistant type experience, and now many years of marketing experience as well.

If you go into Central or South Scottsdale (Old Town) $1M will buy you a smaller, older home, OR half of a big, remodeled home (as alot of the Arcadia and Old Town area are turning over old small homes to be big beautiful homes in the $2.5M range and higher).There are options.....for both buying and renting, that would work with your situation.By the way....it's 51 degrees in North Scottsdale right now where I live. 

Additionally, young adults are living together with no intention of marriage.  

Hey all,Just wanted to introduce myself - bought a duplex in Los Feliz over the summer with a few business partners and will be renovating the property while living there.