I'm in the Metro Detroit market and would be happy to help guide you through the city remotely, provide you with resources and answer any questions you may have.Feel free to reach out anytime!!!

Obviously you don’t want a vacancy over $40, especially with a $2,000 security deposit. 

Like for me I have a business I enjoy that produces active income I don't see myself stepping out of anytime soon, so I am prioritizing the nicer areas/properties that might not cash flow as much right now but will in the future and provide me with good depreciation to offset active income right now.Just such a personalized thing that doesn't have a one size fits all approach.  

My mission is to identify and invest in properties that can provide affordable housing solutions, contributing positively to the community and helping alleviate the housing crisis.

How do you go about providing receipts?

@Brian Willie this setup is very common to avoid having each Property LLC to have its own bank accounts.Only the Management LLC will need Operating and Security Deposit accounts.They all need to be single-member LLCs with the same owner, or else it gets very complicated.Find a good tax attorney to help set this up.

However, the examples you provide that “changed your mind” about success of absentee business ownership are either not business ownership but real estate ownership, or not absentee but multiple unit active management.  

I think self management would be very doable for you and your spouse provided you either buy decent units or get them renovated quickly minimizing the need for time consuming repairs.

I would love to connect with you and see if I could provide value. 

The bidding services in PHX and ATL  only run the deals the title and comps you have to provide 100% of the funds they get paid when you win.. then they are done.