Here are some simple steps to get started (that I found to be helpful)...Learn: Read up on books, listen to podcasts, etc. 

You can even offer them referral fees or partial ownership, if feasible.I also emphasize the importance of effective communication and weekly meetings with the power team.

They're also expecting an official offer on the second property soon.If everything goes smoothly I'm obviously glad that my money isn't gone, but I don't think that excuses the lack of communication and inability to respond to LPs.

The first 5 are simple to manage. 

Simple, connect with those that " handle it all" YES that simple :) I know many from around the world that do absolutely nothing but close, everything handled for them Good luck 

This is the simple playbook that tons of Americans have used to build wealth over the last 2 decades:1.

Creating an LLC is simple and can be done by anyone.Creating an operating agreement / LLC agreement should be done by an attorney.

But they are generally entry level younger people at a boring job. if you havent been 'encouraging' them with daily communication, I would encourage you to do so with with your point of contact. they may not be doing the necessary follow up needed to get a tenant in the home. and you inquiring everyday will most likely encourage them to do the necessary follow up.

@Gian Harris every state has their own requirements.MOST do NOT allow a simple transfer or recognition from another state.You should be contacting each state's real estate board.

Also what type of lifestyle are you trying to maintain-a simple one or one where you go on exotic vacations every month?