Keeping each LLC’s financials distinct helps prevent this risk.Insurance: Having adequate insurance coverage for each property and ensuring it aligns with the LLC structure can also be a vital component of risk management.Legal Counsel: Regularly consult with your real estate attorney to ensure your structure and practices align with your protective strategy.In conclusion, while running everything through your holding company might simplify bookkeeping initially, consider long-term implications and ensure you are safeguarding each property and your overall investment effectively.

I find a hall closet is usually adequate.

Quote from @Calvin Drake: I've found that some of the zipcodes on the northside (32208, 32209, 32206) have adequate opportunities to meet the 1% rule; however, with some deeper looking you most definitely can find properties elsewhere in Jacksonville that may not require as intensive of management as Ken mentioned.Can you explain what you mean by “deeper looking” other than looking at public listings or going into wholesale which I don’t have time for? 

I'd start by talking to a mortgage broker about your options, then save up and wait until you can buy in a good location and have adequate reserves.

Certain states do not allow your primary to be foreclosed upon for other judgments (for example I believe florida is one of those states) - they can still get a judgement against you for the delta though.But yes this is a concern that every person should realize, which is also why you see many of us here on BP telling people to make sure they have adequate down payment and reserves before they get into something they have never done before.

They prepare closing documentation, handle escrow funds and adequately record the sale.

We run a 53 acre ranch in the middle of Texas, and the stress of unexpected problems coming up with not enough time to resolve them (septic, water lines, other equipment malfunctions, adequate pool maintenance) between guests is too great.I'm aware there's money left on the table.

Lack of adequate heating facilities.Violation 4: Hazardous PlumbingNarrative/ Ordinance Description: Please repair and replace exposed piping from the property water is currently turned off.

As many others have mentioned, it does seem very likely that an adequate walk-through/turn was done by the PM company as well as it may be possible that they also have a poor contractor that is not fully resolving issues like leaks the first time around. 

Protecting your income, wealth and investments requires adequately layering insurances, and it is probably worth getting an expert involved.Best of luck.