Michael Ibarra You said two things that don't go so well together in the eyes of the SEC: the fact that investors would not have control in the day to day operations but this would not be a security.

An LLC is very much a real and legitimate business entity in the eyes of the IRS. 

While I am there checking maintenance items, I keep an eye out for other violations of the rental agreement.

I will also keep my eyes open for other properties.  

We'll keep an eye on it through FB.

Thomas Association of Realtors) report, but I'm mostly going by my own eyes on the city.

At the very least you will be paying for a location expert who can be your eyes and ears.

Yes, you are running a business and they are contractors, not Employees, in the eyes of the IRS they should be filling out a W9.

When separate from the rehabber/provider there is likely a more critical eye on the property and it's condition. 

Most will not want to run 200 deals or write 100 offers to get you one, but the conversation will lead to what and who they know, along with what they are willing to do in your absence....hold open houses, help stage the homes, put you in contact with like minded buyers, even keep an eye on the project in your absence, etc.