If not rented at fair market rent, this property will just count as your residence, not a rental for tax purposes.Structuring the property under an LLC or land trust could trigger a due-on-sale clause, so check with the lender before proceeding.To minimize risk, consult a CPA for tax strategy, weigh financing costs, and draft a legal rental agreement.

The management company has replied that they don't coordinate with neighbors and just want me to cover the cost of all the repairs. 

That can be expensive and will likely cost between 15 and 20% of the revenue (and that doesn't often include the cleaning fees) which may mean that you don't make a profit. 

You want a design that stays relevant, withstands high turnover, and doesn’t require constant costly updates.7.

@Jake Faris Contributions for development and remodeling will be capitalized, increasing the property’s basis and reducing taxable gains upon sale, These costs are not immediately deductible.

Most of the stuff I attend now are higher-level conferences that cost a lot to get it.

I'm personally making my exit - I never did assemble a team (it costs money for one, then you need the manpower and time to manage it).

If you are buying loans then its more complex as you have discounts involved, monthly cash flows, outflows (like servicing costs) and unknown exit dates.

Cost was not as much a determining factor.  

My personal opinion is that, while shifting investments into real estate may be the right move for your situation, there is likely a lot of work to be done before you get to that step to avoid a potentially costly mistake.