I assess that whether full or part time to be successful one has to invest in systems to manage the business when you're not or unavailable.

I have done a few all POH deals and I can tell you they are not only a night mare to finance, but they are a night mare to manage as well. 

My previous LTR were professionally managed and Im trying to do it myself this time.Questions: What kind of application do you have them fill out?

There's no trees on the lot at it's manageable for someone to stay for 3-5 years.

While living there, we'd like to live for free, and after moving out, cashflow at a net amount $500-1000 and have a property manager manage it for us. 

Recently, I managed a home renovation project where the contractors were paid at closing, which significantly boosted the sales price.

Personally I would call your local investment guru agent or property manager and see what you can do.

I own a business checking account to manage rental income.

Blaming Loopnet for an allegedly bad property manager is like blaming Zillow for an allegedly bad realtor...I'm sure if Loopnet was stupid enough to give ransom money to BBB, BBB would take down the bad reviews and un-filter any good reviews (which is the entire business model of BBB).

The scenario: $295,000 purchase price (my list was $299,000), 100% occupancy, $1,900 monthly rent, with taxes ($1,856), insurance ($768), and property management (7%) the only expenses.