Given your situation, one strategy that could work really well for you is the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat). 

Paul involves attending meetups and joining REIAs, working with professionals like CPAs, lawyers, and agents.

Yes there are some big items involved in this, and I'm very excited to figure them out. 

One challenge that may arise during the sale process involves third-party property management.

But I am so intrigued with the BRRRR method just not sure this is the one for that.

I need a suggestion here to handle maintenance and cleaningTURNO for automated cleaner payment and scheduling along with inventory trackingQuickbooks / Bookkeeper to keep my PM business in alignmentChase bank & trust accountI'd like a better method for managing linens (bulk order) and distribution.I'd love to compare property management / cohosting agreements with someone to share best practices. 

If you run a lending as business, your interest will convert to ordinary income and could be passive based on your involvement.

City gets involved. 

If none of those scenarios apply and the building is in fact grossing ~$10,750/m reach out because the building is not in a $115K door neighborhood in which case I would be interested and can find a way to involve you and make sure you're compensated :)

The straightforward method is to do everything yourself, as in my example above.