However, this would limit us to buying something in a somewhat expensive SWFL market (we cannot leave the area) but we are open to it. 2.

It’s an extra expense that you don’t want and most properties don’t have.

The Airbnb paid for almost all the expenses of owning the home and my "rent" was just putting $200-300 away each month in savings for maintenance and capex.

If a major expense comes about (i.e. roofing repair, hvac, etc) we would split that as well. 

Focus on neighborhoods with strong rental demand and growth potential.Also, make sure your numbers work—factor in all costs, including rehab and holding expenses, to stay under 70% of ARV.

Document all rental-related expenses and mileage carefully for tax purposes.This post does not create a CPA-Client relationship.

ALso, what's the best way to track monthly expenses between owner and PM and how is that separated from tenants vs PM.

Small unit in small unit count is the most expensive development.  

There are probably some out there, like Ryan noted, but they will be very expensive, and may make it hard for a deal to pencil.I would go to local meetups and talk to other investors.  

Quote from @Carlos Lopes: Gross income doesn't matter.This is the number most people post, and it's 92.7% useless.What you need is NET income, meaning the money left over after all expenses, and that should include a dollar amount for your personal time spent operating the business.