However, now I'm learning that I should be able to do the same thing and just classify the LLC as an S Corp when filing my taxes and it avoids nearly all of the self employment taxes. 

What are the benefits of her being "Classified" as a full-time investor?

Some are posted to the Real Estate Events & Meetups under Real Estate Classifieds on BiggerPockets, Eventbrite, and the numerous investor Facebook pages. 

FYI you can shamelessly advertise your product as much as you want in the Classifieds section here on BP.

Hey @Mercy Odey, you should probably have posted this over in the classifieds section.

LLC member (Limited partner from a legal standpoint but with management duties)Becuase of the LLC's limited partner's confusion, under the proposed regulations, subject to an exception noted below, an interest in an entity would be treated as an interest in a limited partnership under Code Sec. 469(h)(2) if:-the entity in which the interest is held is classified as a partnership for Federal income tax purposes under Reg § 301.7701-3; and-the holder of the interest does not have rights to manage the entity at all times during the entity's tax year under the law of the jurisdiction in which the entity was organized and under the governing agreement.

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

Listings created by the owners who self-manage are likely to be less formulaic.With regards to opportunities specific to Houston, consider local for sale Facebook groups and classified ads from the local newspapers and websites (perhaps the Houston Chronicle and the Houston Press have relevant listings).

As you mentioned, residential properties depreciate over 27.5 years, while non-residential properties depreciate over 39 years.If your short-term rental only averages 30 days or less as an average rent period, it would classify as transient.

There are nefarious people in all of them that are looking to take advantage of OOS investors:(Typically, they try to sell you a Class C or D property, dressing it up to look like a Class A or B property.You don't really have to worry about that in the suburbs of Detroit, as most of the areas are Class A or B.The City of Detroit has 173 Neighborhoods, 104 of which we've classified as A, B, C or D.