This would require tenancy in common which lenders typically won’t allowTransferring ownership from personal names to LLC is straight forward with a deed transfer and re-assigning the tenant leases.

Deductible expenses include a proportional share of mortgage interest, property taxes, insurance, utilities, and repairs.

If you have any cap ex left in Palm Bay (like an HVAC major repair or roof) you will lose cash flow for years.

Have you started going to in-person real estate investing meetups yet? 

Yes, I'm a Property Manager in the greater Phoenix area.We are a mid-size property manager, large enough to have great tools and support but small enough to provide personal service.

TLDR: Bad idea for your personal home.

Big demand for auto repair or auto accessories.

I have a few commercial loans that don't report to my personal credit. 

Large non-refundable EMD will overcome not seeing it in person. 

I've personally helped many OOS investors here and they've been very happy with returns.