Leveraging a property management company can help manage the rentals effectively, especially if you plan to live elsewhere eventually.

Interest is the cost of borrowing money and, as the article says: “As long as you’re making that money work for you—for instance investing in other property—and your rate of return is greater than your cost of the HELOC, it’s a good tool”I am paying roughly 4.5% to borrow money on a HELOC that is making me a minimum of 20% on my investments.

Can I create an LLC just for running the Biz/managing aspect, but not transfer my property into the LLC?

All, I have formed 2 LLCs: 1) manager managed (parent), called LLC A; 2) member-managed called LLC B. 

Out of area investments do require a trusted team of people that can help with the management.

But are just sitting on it as the development cost is too high.

Additionally, repair costs (if any),  all closing costs are covered by the buyer, and there is no commission!

If you win, they will have to pay the extra expense of the filing fees, etc, on top of what you say your damages are (which would be the cost to hire someone else to complete the job).   

I am also a licensed electrician and very familiar with construction and project management.    

Love Toledo we are easily getting properties there with great cash flow and low entry cost in great areas.