Besides having your name on the annual report, if you are seeking financing on the property, your name is going to be on the mortgage/deed of trust. 

Just joining BP but this is my area of expertise, we manage 50 properties (own 43 of those) for sober living specifically.

"Additional Insured" on Insurance Policy to Property as CollateralHow specifically should a private lender be mentioned on the owner's insurance policy to a property used as collateral to a loan.

If the seller gave instructions to his agent to not present any offers under full asking price, then the agent is obeying the wishes of his principal.Sounds like you can’t afford the property.

I have two LTRs out of state that are managed by a local, fantastic property management company.

Can I self manage this property and still get a refinance?

W-2, 1099, etc.) with passive income/loss from my rentals (STR, LTR) is to meet the IRS requirements for Real Estate Professional Status or REPS (this also requires material participation in addition to specific requirements to be considered a REPS).Very unlikely that you will qualify for REPS with only an STR and a local property manager.

On either an A class property or a commercial building, I would do preventative maintenance, but beyond that I wouldn't worry about it. 

This would also eliminate the need for gas at the property as you can go all electric in the buildingI am not sure on the cost per se.

Rehabbing properties and building a portfolio of rentals are two avenues I’m considering to get started.