That is the first thing you should do and then ask them and the property manager for the insurance and to get them involved.

Please reply to me if you think you can help me manage my property, or you know someone that could help me.

Often, you have to use the buildings management program and I have seen them charge 50% of the revenue. 

If it is a good deal then the right person will be willing to look at some private money options or even look to structure a partnership where they bring in the capital and lend-ability and you manage the deal for them.

Would the best practice be to form a new LLC where all four of us are managing members?

I'm new to the space and are trying my hand in self management.

Out of state investor looking for an SFH property manager in Greensboro NC.  

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I'm sure there's an easier way but I don't want to pay too much for it - I only manage our own rentals (18 doors).

They also manage the property for you and deal with tenant issues awards.