I currently work for a property management company also located in the Midwest so please reach out if you have any questions!

We have one property managers whose job is to be our eviction Laison across the whole portfolio.

I’d love to hear about the crime rates or any other issues (which we cannot guess from the online stats), and how easy or hard it is to find reliable tenants and property management companies.

For example, could I use my SDIRA to operate a management company that charges my holding LLCs a management fee?

Even if a title company were to manage the setup making sure all parties are paid, the cheap debt and cash flow would not be enough to be enticing to any investor even if midterm rental could yield a healthy return. 

You are also going to need to decide how to manage the property. 

That's up to my operatione manager.

A small multifamily property is a smart choice for a first investment—it offers a great balance of income potential and manageable scale for someone new to the space.Don’t worry about being ambitious; it’s clear you’ve done your homework, and you’re already ahead of the game by setting a clear goal.

Our manager’s credit score requirement is 550, but even that has been hard to satisfy.

I'm a broker and property manager.