I suggest using a service like Mayistay.

Do you plan on using a quitclaim deed? 

If we don't relocate, we will likely buy a new one using a home equity loan or such in a LLC (likely).3.

Quote from @Clare Pitcher: Questions for the Property Owners using a Property Management Company: Would you rather have a property management company who has flat rate fees or takes a percentage of the rent?  

If you're only using a portion of the funds, its less of a risk and could make sense depending on your situation and the deal itself.  

In 2016, we returned to KC and purchased our primary home in Liberty using a Doctor’s loan.In 2020, we developed a strong interest in real estate investing.

Many Realtors will suggest purchasing a property using a FHA Loan, to reduce your out of pocket money.

The key is that using a flat fee buyer agency enables the buyer to control the buyer agent commission that nearly all listings offer.

I assumed a total loan of around $90k with a monthly payment of just under $1,600 using a random SF property in Indy with a similar asking price.

Tenants save money when using a shared meter, so there's plenty of room for error when calculating how to distribute the charges.