@Mark Morris  I strongly suggest using a third party attorney or title company to handle the disbursement of funds (like your down payment) and creation of docs. 

For those who are focused mostly on wealth creation, Anacostia is probably their best bet.

Has anyone out there been part of the creation of a landlord association?

You get all the listings you want to sell and different models to choose from.No driving around all creation with one buyer on the weekend.

The other commenter are certainly correct the cash flow analysis is not attractive--as you framed it above, but there may be value creation available from the build and in the land zoning.

Whether you trade time (w2) or find other ways (business income) to create value is up to you.For me, I started a management company and subsequently grew a syndication platform; both of which provide cash flow and value creation. 

A buddy wanted to rent a house so I ended up driving all over creation showing about 8 places and with broker split I am made about 175 bucks before gas and food spent along with time.

I did this for the liability protection, and I did not need a lawyer for the LLC creation or for the deed.

Your primary residence rate is very low so as long at that's a fixed loan I would keep it, money is cheap.My mindset is focused on long term wealth creation so I like the cashflow. 

BTW, a title company can not claim the creation of a contract under Errors and Omissions, so good luck recouping any failed interactions.