I am the biggest fan of Bigger Pockets, and was so happy to attend BPcon in Cancun last year, and just signed up to attend BPcon in Las Vegas. 

@Drake BackmanBigger Pockets is a great place to find a tax strategist specializing in real estate taxation.A good real estate tax strategist can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding a tax  strategist specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your tax strategist remotely to expand your options.I would also recommend looking for a tax strategist willing to work with you throughout the year.

The most profitable option is Airbnb, the most passive is long-term room rentals, and a hybrid approach can balance both.

Josh I find myself essentially in the same situation and I have been thinking about my options.  

Another option is an installment sale, which spreads capital gains tax over multiple years.For unsold properties being distributed, there is generally no immediate tax event if assets are transferred at their adjusted basis.

There are better options that don't have minimums.

Those states are tax and landlord friendly, but not as cash flow friendly as they once were, although, you may be able to find pockets that work. 

I think Rooms to go would be a good option to get you started given your distance.

Private is an option too, but again, a pay for service on top of the permit fees, etc.   

Many approach the homebuying process with a research-heavy mindset, wanting to weigh every option before making a commitment.