This isn't just high risk your talking about Zach, your talking about compounded high risk. 

If you register but do not have a registered agent they can often serve you by publication, or perhaps by serving the Secretary of state or any of several ways that might result in you not knowing that you have been sued. 

There are several GPs.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

I have several CFO clients in KC and would be happy to make some intros.

I have several opportunities to snag up a self storage complex and a 18 unit apartment complex on creative financing .

It was a big risk and I nearly missed.  

Similarly, if you put several Class D tenants in a Class A 4-plex, what do you think will happen to the property?

Similarly, if you put several Class D tenants in a Class A 4-plex, what do you think will happen to the property?

So, your focus may need to pivot from high rental cash flow to little to no cash flow as a rental with an appreciation upside.I would recommend taking your $150K to $200K and securing a solid equity position in something that will cover its expenses and maybe provide a small cash flow, but then is poised to appreciate nicely over the course of the next several years.