I also have a building though in a low income suburb and that place is 10x the work and I kind of want to find a manager for it.

I do work and Cleveland and have contacts.

You seem to be asking a lot of questions, looking for quick shortcut answers. 

I would love to hear from others who are making it work and what the numbers are like.

Flip side, for a third of that you are trained to find properties using creative finance taking over existing low interest loans that cash flow and you are buying in decent neighborhoods with every day lunch box Joes that have kids and go to work and pay rent on time. 

Someone with $10M in the bank in cash just needs to put a lot of money to work and time value and tax write off is more interesting to them than a hungry investor in their 20s that has never found a deal.Honestly, books are great, but they are about as "boiler plate" as you can get as I'm sure you're discovering.

It’s been incredibly difficult to see this situation unfold, especially given how much work and sacrifice went into saving for these properties.

I will say, short term rentals require a bit more work, and if you are moving out of state, you may want to take a look into getting a property manager ( take that cost into account when running the numbers ).I hope that helps, reach out if you have any more questions. 

It probably needs 30-40k in work and it may only go for $40k. 

What are you hoping to get out of the extra time, work and costs of having the LLC?