Managing a property hours away can be challenging if any issues arise, but having a third-party property management company could help handle those situations and make things more manageable.I think you are in the right place to gain some insight on what would make you successful. 

If you hate the process of placing tenants, it may be worth it to hire a property manager to handle tenant placement for you.I think finding a new tenant is a better long term strategy if you're confident you can find a higher quality tenant that will cause you fewer headaches.

I see the deal Genie in others' programs for less entry cost.

Would any of you recommend a certain site that specifically handles formation of LLC for rental property?  

While I have managers handling the daily operations, I still oversee everything remotely.

A more realistic expectation is 24 hours which will ensure we can arrange any repairs or corrections with a team, handle it in person, etc. be curious how this plays out as I worked for local developer for a while and developed several properties in Alexandria (Specifically old town) and while the city is challenging like any city - they were mostly realistic.

Whoever is handling the estate needs to contact the servicer within 90 days or they will generally start the foreclosure process.

They have offices in many states and handle thousands of rentals.

If you go that route, ensure to use a Qualified Intermediary to handle the sale/purchase otherwise there will be no 1031 exchange. 

It’s like choosing to invest in a friend’s startup instead of the S&P 500—just because the startup promises big returns at a lower entry point.