Buy it in at LLC and collect your paycheck. 

That's not much time to turn a unit around, collect utility bills, or whatever else.

I avoid parts of my city where long term  depreciation is a risk.I would try and collect data about the neighborhood, though. 

For your smaller deals (less than 30 units) using a 10% vacancy/collection loss factor and a 55% expense ratio is a pretty good place to start the analysis (might be a little conservative from a V&C standpoint).

I use management companies so I don’t need to collect payment.  

Will no rental income be collected?

I am only asking because I have seen this work before with people who have a large amount of rental properties, and would rather someone else manage their properties and still collect 80-85% while they are pursuing other interests.

If not, you may want to consider a refinance on a property to hold you over for a little.Are you waiting a couple of years till you collect retirement income(social security, pension, etc), then maybe doing a refinance until you get to that period of eligibility to collect.

She collected rent by check sent to her address.

Collected $1,800 on the property within 32 days of owning it.