Even if small acreage that is fine. 

Also, if the sponsor is new, I am fine with less skin in the game as long as it is significant to their net worth.

Read this fine forum.

I concur with @John Underwood the right property with right management (right self-management) will do fine. 

I noticed on the city website that it can only be done in certain areas, which I'm more than fine with.

I would list the property and advise the tenants you are planning to sell. if they want to stay month to month, that's fine.

In some states, such as mine, you can do one assignment per year without a real estate license otherwise, you will be fined $25K per transaction. 2.

One would learn more just by reading these forums and absorbing the knowledge and experience from the people who've done this before.A book is fine, these books are based off what? 

Don't worry about minor complaints, you are doing a fine job.Just one question, ALL sites have a delay in data from MLS updates, and from court reported information, and so on, is that a function of a monthly update routine or can the information be updated a little more frequently? 

It worked fine for awhile but I knew something like this would happen eventually.