Furthermore, this method shields my owners from any potential fair housing violations since I am a principal in the contract and liability would end with me and not pass to the owner.You are correct that generally you will spend around 8%-10% of the monthly rent to hire a property manager.  

Think of stuff like rotting wood on porches, etc. that no owner wants to spend big money fixing due to the low cost of the property.

You can spend as little as $100 to form an LLC, or you could use an attorney and spend $1,000 or more.

But the Seattle City Council should implementsome simple reforms before spending more public money just to keepthe system afloat.Inits application for city funds, the Low Income Housing Institutenoted that it “faces serious issues regarding rent collection.”Tenantswho pay their rent typically pay on time.

So, why is McDonalds still spending billions on advertising?

I'm local and definitely can see how that is a tough choice with the location.If it was by the numbers I'd say spend the money to make it worth as much as possible and try to sell, then use the profits to fund what you want to do next.

Basic services like garbage collection don’t qualify.Material participation: Owners must pass one of the seven material participation tests, such as:You spend more than 500 hours working in your short-term rental business.You carry out all the necessary tasks to run the business yourself.You work more than 100 hours in the business, and no one else contributes more time than you do (this is often considered the best and easiest test to meet).

It's not sexy, and 24-year-olds would rather spend thousands listening to a YouTuber who promises secret shortcuts that tickle their ears. 

A Little About My Situation:I currently work in EMS in California and will be super commuting, working 10-day stretches in California while spending the rest of my time in Missouri.

Expect to spend $10-$20k in FC and of course all the taxes and insurance on the home during this time.