If you have no insurance, your LLC would have to pay for the legal defense. 

If you're only 1.5 hours away and need the condo for personal use, it would probably work out nicely for you to self-manage.

You have never seen it, and do not understand that tax returns reveal all, and the credit report it just one of many ways debt is uncovered and a LLC is simply a vehicle for a business just like any other self employed business. 

DetailsPurchase price: 1.1MReturn (IRR):11.86% per yearCapitalization Rate:5.45%Total Profit when Sold: $1.16MHolding period: 20 years5% down (so that I can take maximum leverage)mortgage rate: 6.7% 30-year fixedVacancy: 5%Management Fee: 8% --> I used this only for calculation but as I will be staying there, I plan to self-manage it.Cash flow: negative $1500 --> My primary job pays decently and I can manage this and have 12 months of reserves.

I self manage 3 duplexes in Kokomo. 

And in order to max out your profit you will need to self manage.

If you own investment real estate in Hawaii but do not live here and want to self manage, you are "supposed" to have a "point of contact."   

@Carlos Ptriawan in a few minutes whipped out a post on self storage which I am familiar with.  

I know there is a company that is working to use AI to streamline self-storage revenue, though I cannot recall the name right now.

Of course, you would not have a remaining equity split to deal with, but the dollars per distribution/time to distribute concept is the same.BTW, in 16 years of setting up self-directed IRA plans, fractional distributions in-kind was my least favorite strategy.