I don't know how your current LLC owns those properties or how you are connected, so instead of trying to give you a specific answer I will simply outline a good model to follow along with a comparison.By placing the properties you own in the LLC you are creating a separation of liability between the LLCs and your personal assets (or potentially other LLCs you might operate.)

Obviously, we would prefer them to go to hunger, but in this model I don’t think we could control that.

The long term rental business and the motel/tourism business are completely different business models and I don't recommend trying both right away.

And if those are the neighborhoods you’re planning to focus on, that’s a whole different business model and one that you should probably reconsider because it’s not for the faint of heart and can sometimes even be difficult to find property managers willing to take on those properties. 

Who models your belief's and is actively doing what you want to do/achieve/hope to be?

For my very first property, I did hire (and still work with) a local realtor who also manages vacation rentals, but we follow more of the AirBNB co-host model and split responsibilities; very different from a management company.  

Depends on your forecast of future deals.Chuck it up to refinancing, you're netting that $500/mo., and able to fund another rehab.

You can do that with or without roommates.House Hacking - Getting roommates or tenants in your Nomad property to reduce your living expenses (or even live for free) to help you save for your next down payment.I have yet to see any out of state investment that beat this model.

@Ed Morrison Rentometer has a pretty horrible data model.

@Anand George, without doing a deep dive I'd say you've constructed a good working model.