I think it works for a great buy and hold rental situation, but it is probably a class C neighborhood and you will need to put a lot of money to rehab a 1950's property to get it rent ready.

You ask because you think the LLC protects anonymity, but not from taxes.

I wanted to wait out the winter to start on any repair projects but now while getting other quotes, I think the initial quote was very much under what I may be looking at to pay.

These are 1 bedroom/1bath units, 650sq ft, priced under $700 a month so I dont think its competition from the newer buildings that cant afford to price rent so low.We maintain the units very well and have recently renovated a bunch of them with lvp flooring, new cabinets, etc.

I was originally just considering converting my IRA to Roth while it still makes sense with my income and current tax code before thinking about real estate. 

With short term rentals I would think it would be less of a percentage, given STR income should be higher than LTR income.  

If you aren’t an experienced investor, most bank will require you to hire a professional pm company to oversee and manage the daily operations of such.Do you actually think that the PM company could afford to pay a manager out of the 4-6% they receive???

I have a team here that is growing and is able to cover all needsDepend of your risk tolerance,  in your case I would start at least the first one in your area to learn little bit  more and then I would think on out of state investment 

I thought I'd light a beacon so to speak to see if any investors/ landlords (and those thinking of becoming so) would care  to meet up as a group for coffee once a week.

Why do you think purchase contracts are so long and have such small print?