You basically have the idea down, yet you may want to have the Management company NOT owned by the owing entity as well you may want to structure the ownership entity as a Corp, so that you can #1: collect a W2 #2: contribute to a solo 401K #3: Run more personal expenses through the entity for tax write off options such as health ins. and other insurances. 

Drafted up the offer using the new agent and in the contact package is the section shown here.Now the question / dilemma.

Owner's duties.(1)To protect the physical health and safety of the ordinary renter, an owner:(a)may not rent the premises unless they are safe, sanitary, and fit for human occupancy; and(b)shall:(i)maintain common areas of the residential rental unit in a sanitary and safe condition;(ii)maintain electrical systems, plumbing, heating, and hot and cold water;(iii)maintain any air conditioning system in an operable condition;(iv)maintain other appliances and facilities as specifically contracted in the rental agreement; and(v)for buildings containing more than two residential rental units, provide and maintain appropriate receptacles for garbage and other waste and arrange for its removal, except to the extent that the renter and owner otherwise agree.(2)Except as otherwise provided in the rental agreement, an owner shall provide the renter at least 24 hours prior notice of the owner's entry into the renter's residential rental unit.(3)(a)Before an owner accepts an application fee or any other payment from a prospective renter, the owner shall disclose in writing to the prospective renter:(i)a good faith estimate of:(A)the rent amount; and(B)the amount of each fixed, non-rent expense that is part of the rental agreement;(ii)the type of each use-based, non-rent expense that is part of the rental agreement;(iii)the day on which the residential rental unit is scheduled to be available;(iv)the criteria that the owner will consider in determining the prospective renter's eligibility as a renter in the residential rental unit, including criteria related to the prospective renter's criminal history, credit, income, employment, or rental history; and(v)the requirements and process for the prospective renter to recover money the prospective renter pays in relation to the residential rental unit, as described in Subsection (4).

Intel is a great example, who is building the largest chip manufacturing plant in the US right here, and it will be a $20 billion dollar investment that brings a few new thousand jobs.https://www.dispatch.com/story/business/2022/01/21/intel-ohio-building-computer-chip-factories-licking-county-jersey-township/9173472002/ Another example of economic growth is the upcoming Ohio State University Wexner Medical Center Inpatient Hospital which is a 1.9million square foot hospital that will bring over 800 new beds and a thousand new jobs. https://abc6onyourside.com/news/local/new-osu-hospital-expected-to-transform-health-careHere are a few more recent investments https://www.10tv.com/article/money/business/hydrogen-power-company-hyperion-bringing-700-jobs-to-columbus/530-25907aab-5517-4661-a9f3-d2ed2d5be6b0 https://news.wosu.org/news/2022-02-08/rumpke-to-build-50-million-recycling-facility-in-columbus Check out The Complete Guide to the Columbus, Ohio Real Estate Market which goes through the Columbus, Ohio market in depth and will give you a better scope of where the highest levels of growth are taking place and where to look to invest.

I have heard Brandon Turner's episode on BiggerPockets are can't miss compared to what they are now so I am caught in that dilemma. 

@Ryan Randall tough dilemma that a lot of people are finding themselves in, myself included.

We have limited capital, about 30k all-in, to use for renovations.However, here's my dilemma.

What Charlie said plus factor in all the expenses the agent has such as gas, vehicle maintenance and insurance, health insurance, E&O insurance, desk fees, MLS fees, Realtor association fees, marketing, cell phone, etc. and they’re almost certainly losing money on this transaction even with the $800 added on.

As long as you don’t rent it out, you do change your driver’s license, your banking info, your  health insurance, your car insurance, mailing and voting address.

For example, if it's due to a new job or health reasons.