It's good to jump in the pool and learn how to swim later, just make sure you have a flotation device (bigger pockets!) 

That being said there are landlords that have challenging buildings or tenant pools that would gladly sell in order to receive income and not have to manage the property.  

Ext paint, roofing, pool area, landscaping, pavement, etc?

So you might look at older houses that have been broken up into a number units or a situation like a house and cottage in the backyard that you could rent out.If you wife doesn't agree to that strategy, I have been able to get started by buying "cheap" run-down houses, renovating, refinancing and turning them over to a property manager.

Here is a picture of the backyard where nature basically took over. 

The only complaint I had was that they couldn't access the back yard from the kitchen.

We currently have two possible investors that can add $60K (combined) more to the pool, however we don't really want to make them members of the LLC.

But the house has to pass inspection for a loan to have the largest buyer pool.  

The easiest for you would be demolition and clean out Prepping the areas for a contractor to begin work.painting ,changing switch plates,replacing faucets are also easy fixes Doing landscaping and cleaning out he backyard,mending fences, fixing latches are also easy fixes that will save you money

I'd take the hassle of dealing with that tenant pool into consideration before investing.