Even after moving 2.5 years ago, I continued to self-manage because I had a solid network of connections that made it pretty easy to handle remotely.That said, it eventually came down to wanting my time back.

Even then, the IRS may scrutinize the transaction if it appears the intent was to immediately convert the property into a personal residence.Additionally, if you eventually sell the property after converting it to a primary residence, you may qualify for partial benefits under the Section 121 exclusion for primary residence gains.

@Rob Swanson,Thanks for the information.  

Over time, they get that its not easy and a lot of hard work and eventually quit.   

Eventually I would bring them out to meet ups with me as well.

Many of the residents there eventually move to our property.

When the house eventually sold, I contacted the buyers agent and explained it to him so he could be the hero with his clients and show them how they could save a bundle on their property taxes by appealing and getting that corrected!

And assets that provide you with great depreciation but not great income or stability are just a form of robbing from Peter to pay Paul.   

My dad used to manage other people's properties but eventually quit because the money wasn't worth it and he always ended up prioritizing their properties so as not to get any hassle from them.Another way to approach this might be to go all in on one project yourself and see how far that money gets you. 

They eventually declared bankruptcy.