Expecting big cash flow in multifamily apartments right now is kind of a fool's errand because if you find it it's probably in an area that won't be kind for out of state ppl with a third party property manager. 

There are tons of articles and Youtube videos to help you with setup and monthly management. 

As an investor friendly real estate agent in Sacramento California, I have been encouraged by my amazing real estate broker, Noah Laker, to join in the conversations you all are having about real estate investing.I feel very lucky to have joined the team here at Hardin Realty & Property Management in Sacramento and all the excitement real estate has to offer.

 I am looking for any local investor's, property managers, and agents  down in SC.

And I wonder if CCR or HOA can restrict these to protect the values of those homes ? 

The same question is analyzed every day by millions of businesses, investors, wealth managers, financial analysts, and corporate treasurers world wide.

There are a handful of active agents here on BP in the Portland area (including my business partner and I) who would be good places to start.

Have yourself own an interest in the LLC, and have another entity you control own an interest and be the manager.  

If this is something you are interested in, let me know and I will send you our projects. 

I try to manage mine at $100/month/door.