I flew there and walked the house, looked pretty turnkey rental grade): $1029 GFCI outlets, downspouts and guards, drywall, paint, bathroom vent$4615 (new AC unit since unit was stolen before tenant moved in, didn't file insurance claim because didn't want my premium to go up) $600 (water line, gas line, P trap)$60 lawn mowing$112  thermostat repairMy opinion is that Class C is better for local investors who are on site and know how to do repairs and self manage.

If you’re leaning toward an LLC, I can recommend some local options to help set it up.

I think will find that out-of-state will be much more operationally challenged than local.

I would outline your scenario to a few local mortgage brokers - with everything you've said this seems like a pretty easy deal. 

I recommend compiling an analysis/presentation stating that your parents will save an "x" amount by working with you instead of "ABC" local property managers.

Focus on tenant screening, building a local team, and learning as much as you can, starting early sets you up for long-term success!

Build a local team of real estate agents, property managers, and CPAs to navigate local laws and manage your property.

I have done it myself 3 times and have helped a ton of people locally do the same thing as their agent! 

If your local market is very active and homes are selling fast, you may be able to get by with doing less.Your Home’s Condition: If your home is vacant or has a unique layout, using a professional stager who can bring in the right furniture and accessories may help buyers truly visualize its full potential.Your Budget: Talk to your agent to get an idea of staging costs in your area, as it can be the difference between your house selling and sitting.

So we have been going to a local laundromat for laundry.