@Kristen DolotinaYES 100% a service like that existsSpeaking from experienceI had an out of state investor purchase a duplex in Texas & after closing the PM company handled the applications, screenings, placement of tenants for a 1 months rent fee.MY SUGGESTION:Google a local Real Estate Brokerage and call that number and just ask the person at the front desk (who answers the phone) who their recommendation is for a PM company and why.

23 years is a long way off, but I know a person with a hangar they are tearing down to build new in effort to keep their land lease.  

Personally, I would also be more inclined to work on a market where you have fewer rentals available. 

Planning to discover it this summer in person.

They focus more on the property's income potential rather than personal finances meaning no DTIs, less paperwork, and more underwriting flexibility.

I know many love to bleed all over the floor for a person who can't afford to buy a home, but it's no different than arguing to help a person buy a suburban when they have the $ for a Gremlin.

All that said let's say you are able to subdivide, I personally would if I knew going into it that I was building a rental/investment property.

I am writing to seek clarification regarding the insurance claim check that was recently issued to me as the payee, with both my personal name and the mortgage company's name listed.

Split the proceeds based on what each person put in. 

My leases clearly state that the "Tenant shall maintain all appliances, equipment, furniture, furnishings and other personal property included under this Lease".