You can manage any park from far way just as long as you collect all the rent every month, paying all the bills every month and making sure they are always about the same cost per month, keeping the park 100% occupied (or close to it), making sure the homes and the park is cleaned and well maintained (your manager should be taking care of this and you video monitor it), and finally if you have the tenants pay for water and sewer just make sure you are collecting all those bills and make sure that w/s bills are under control. 

Apart from the profit split (50/50 as you've mentioned), you should really focus on who has effective operational control i.e. who has the decision-making power.

RE requires you to be hands-on unless you are willing to be completely passive and give up control and a lot of $$ to a manager, partner, etc.

All were done in a self-directed Roth IRA with checkbook control. 

You may potentially be exempt under other Virginia law, but an attorney would want to read your Articles of Organization before confirming, and would largely be based upon who has the controlling interest.B) You may be opening yourself up to premises liability by not transfering the properties into the LLC.

What kinda of control do you have over them when it comes to your property?

Contractors- I am looking for a reliable contractor who can estimate time and budget precisely, and make things done on time and on budget.

In fact I’m just now finally getting my student loans under control. 

Leases are a one way street  controlled by the tenant.If it is a SFH you would be much better off selling it after the tenant leaves.

I realize on a standard demand form it would have been more precise re: interest from x date to closing.