Much of my daily time and energy is spent on tasks that are not commensurate with my skill level: apartment leasing, repair scheduling, tenant relations, accounts payable, packing mailers, supervising renovation work, brokerage showings, brokerage marketing brochures, etc.

That aside, keep a few things in mind:1) You will never get to know the people, trends, and build the same closeness of business relations 1000 miles away as you will in your backyard.2) Managers and contractors require supervision. 

Depending on the state as long as its "assisted living" and not "skilled nursing" you can have "med techs" who actually do the med pass and just have a nurse in charge / supervising - now with 5 to 10 beds it might not make sense to have the med techs (unless you have a nurse who is willing to be on call 24/7) but another thing to look into is if you'll actually need a registerd nurse vs an lpn/lvn.I'd think with that many beds you may also want to consider hospice care or care for illnesses that leave the patient mentally handicapped (vs geriatric patients)One more possibility is "adult day care" , where you're only keeping the place open half the day and the clients leave at the days end.

The active partner (you) find the property, buy it (using their money), supervise the rehab and then get it sold.

When you become licensed, all of your real estate activities will fall under the supervision responsibilities of your broker.

It's the Plumber, I've come to fix the sink.Go away you're an evil demon who can't come in.And it's the Owner, open this door and let us in sir (or ma'am)--or I will evict you into the street (that's your call, but a threat might get the door opened).No go away evil demons.I have the pass key and we are coming in (if it's allowed by law where you are) (and watch out for bullets or other aggressive behavior--practice safe showing behavior and keep your self between them and the exit door until things calm down--so you can escape more easily).And I'd be uncomfortable with the Tradesmen being in the house without being there to supervise--due to LIES about things being stolen--laptops, big screens, etc..And if they make a huge problem out of this, maybe think about replacing them and then doing the work during the turn.Just my 2 cents.I doubt they are talking to the renters parrot: https://www.youtube.com/watch?

All the "expertise" and experience you claimed EB had in real estate  investment somehow didn't prevent them from negligently failing to supervise the G.Slow contractor, causing some $12 million in losses. 

You might consider marketing to a group home, or making it a 55+ community, etc (guaranteed rent, more supervision, less feisty renters). 

We move their belongings to the curb as Sheriff supervises and discover $8k in damages to heating system.

So I will be 'running the show' - identifying the property, hard money loan, contractor selection, rehab work supervision etc.