Texas re center at A&m has a tenant landlord pdf on their website.

In these you are purchasing ownership of a company or entity that owns real estate and not the real estate itself.However there is a hierarchy of real estate ownership that complies with 1031 treatment and runs the range from active to passive.  

Whatever you decide to do, you may want to have a documented business process for accepting, reviewing and approving applications then issuing leases that you follow so that you provide the same treatment to all - Then of course you have to stick to this process.  

A roll-away center island might help with storage and give additional working counter space.

But really... the property is in good shape and well taken care of, after all, we are renting out our apt, not running a senior center where all her demands can be met.  

Now that I am a Realtor in Colorado, I am also required to disclose that on my listings as well that I have an ownership stake in a property in the advertisements.I also have not really seen a difference with the tenant's treatment of me as the property manager vs being the owner except one time a tenant did try to pressure me into paying for a silly upgrade saying that as the owner and I could afford it and the $100 month rent increase should pay for the new ceiling [The upgrade was to re-texture the whole ceiling of a 1000 sq foot apartment because it had swirls and minor hairline cracks (built in 1920) and this tenant did not like the swirls -- changing the swirls would cost thousands and not result in any more rent]

You can offer special covered parking spaces, parking spaces closer to the center of the complex, trash take out, etc.

(Plus a nice shopping center going in a half mile down the road) Rental profit is 300-500 at the door (No upgrades/ with upgrades). 

For a list of all fair housing groups, go to the Housing Rights Center’s website at www.hud.gov.  

However for the latter with the declining population especially of this zip code even with the new Nike distribution center nearby may be a real challenge.