should I move forward with this kind of transaction and does it sound alarming? 

Don't constantly shop and look at it just like a transaction.

It would most likely not give you asset protection since its a non-arms length transaction.

Did you record an document to secure your part of the transaction?

Make sure all transactions for the LLC go through this account, and keep detailed records to avoid mixing funds with your personal accounts.

Make sure you are very up front and transparent about the transaction and your intentions.  

@Paul DentingerRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Transaction mgmt, marketing ROI, etc.)Propertybase looks like an interesting solution.

Quote from @Glenn Cross: Quote from @Luke Eastman: Hello I had a question, my father passed away a few years ago and left us two rental properties in Virginia.

Because if you don't have at least 20-30% (and that's probably being lenient), to put into this transaction (a solid $400-$600k), then I'm in total agreement that you need a capital PARTNER, and another very experienced person to help you actually develop/execute.