In preparation to dissolve the two entities (limited partnership and LLC) I spoke to an attorney who has advised keeping both entities open for at least four years to protect against 3rd party claims.

Solid cash flow plus appreciation.

Developing that trust with someone you don't know may seem like a challenge, but if you approach it correctly, you should be able to achieve a pretty solid foundation of trust.The best way is to target sponsor who use professional 3rd party administration that verifies the sponsor, their background, their track record, and their performance.

We’re open to smaller tenants as long as their financials are solid.2) We’re not exclusively looking at STNL.

Figure out what amount you can take out so that the MI property will still provide you solid ROI and CoC returns.2.

Lets link up - I have some solid RE connections down there w/ agents and most of my college friends went to Lake Hamilton high. 

LLC structures do not provide any further tax advantages and, based on my CPA's opinion, are not as rock solid as some make it appear.

You will definitely be able to find some solid connections here that will point you in the right direction for local networking.

They find the tenants and if they do a good job and have a solid property, there shouldn't be much to do each month other than cash the checks. 

BRRRR talks are interesting in longer term (and we'll do due dilligence on our research on whether out-of-state BRRRR carry sufficient risk we can't tolerate), but for us, to establish a solid, honest, trustworthy professional team of best people in the area (PM, KC, GC), and get it right for the first few iterations is much, much more important as a first step.