He hasn't been active for a while, but look at his page - https://www.biggerpockets.com/users/scottroyalsmith 

If you are pursing that path then one spouse alone must meet both tests.Qualifying hours for the 750 include time spent working on the business activities mentioned above.Again, more than 50% of your time means this is way more than a hobby.

The 500-hour rule means spending at least 500 hours actively managing your rental property, which could include things like tenant communication, maintenance, and bookkeeping.You can also group multiple properties together as one “activity” to make reaching the hours easier.

The LLC has to do the 1031 exchange because that is the tax return reporting the activity of the property. 

Additionally, my wife and I plan to retire in NC (still a few years out from that ; ) but we're actively planning and focusing our investment strategy in the Raleigh-Durham area.

Looking forward to being an active member of this community.  

I would also be aware of any state laws related to cryptocurrency that might be active in your market. 

Be sure to track your activities.

Start small with manageable properties, mitigate risk with house hacking or partnerships, and stay active in the community.

Quote from @Sandeep K Mamidi: We have over the years bought and sold several rental properties in FL, AZ and TX (Pretty Passive)Want to become more active with Flips and grow our wealth using innovative strategies and expand into Multi Family Real EstateCongrats.