Then, you’ll pay the agent (say 3% for the sake of argument, $5,400, since they’ll be doing a lot of work for you on this - I’d order that prelim/TRIO with my escrow company, and help you find lien records if any, plus provide all the contractual guidance to make sure you don’t lose your earnest money).

you should get a RMLO or an underwriter to qualify the borrower. if its owner occupied and in florida you also will need to use a third party servicing company to service the loan which will run you around $450/yr. not an accountant but its my understnding unfortunately the interest income is going to be taxed at ordinary income and the principal will reduce the principal. how you offset the losses talk to your CPA.your best bet honestly is to just sell it and bite the bullet. 

The 3rd party property management company wants this onsite manager to be the employee of my LLC, which I am not sure with.

Is there anyway to buy land without you being in person besides a real estate attorney or title company?

We are in the process of building a property management company, does anybody have a simple Property Management Agreement you can share with me? 

The LLC formation combined with operatring the company in accoordinace with the operating agrement & appropriate funding to present itself as a viable business is what's needed.

I'll reach out to my company, as well as several other lenders I've worked with and see if I can find something!

I keep seeing a company on my Facebook feed claiming they do it for ten percent and assumed that was the going rate.

I also own a property management company in the area that manages all of my rentals and the houses and apartments of our clients.

Our company has done some partnerships with the state association which I'd encourage you to check out as well: https://www.faahq.org/##