If I had the business headquartered at some commercial or industrial space, I could deduct the entire cost of the space. 

Nobody watches your money like you do, you'll learn how to manage, so you can manage a manager later and you'll save precious early-years cash flow, which allows you to scale faster, especially in the first 5 years.

This will be my first rental property and will be remotely managed.

Is this a single family, multifamily or commercial property?

We’re developers managing our own portfolio and don’t have any outside investors.  

The same is true with property management.

And knowing a thing or 2, I'm gonna assume you are good at the details, and at managing paralegal team. 

I'm a foreign national and I'm currently closing on a cash out refi for a duplex (commercial loan) and I'm looking at 5.375% on a 30yrs fixed and 65% LTV.The rate, buydown, loan type... will vary depending on the deal you are looking at, but as foreign national I have not been able to find any broker / lender that will go higher than 65% LTV so that's most likely what you can expect.Good luck!

But, if steady long term cashflow is a goal, with no management, one can always sell farm land on a low down private contract.

Love that you started a property management business.