These folks are often ready to downsize or transition to assistance. 

Banks are not stupid and the concept of putting a property into a Trust, while legal, makes it far simpler for the bank to do a sort on their current loan portfolio for all loans with the word "Trust" in them and call them all due en masse or as groups, because the banks know they didn't lend to a Trust, they lent to an individual. 

@Gary Clisele , if you are buying individual notes, then that it is definitely not a passive investment.

Happy to network and assist

Once you choose a realtor, they'll list it on MLS and assist you with properly vetting and screening prospective tenants.

Apparently the buyer is from New York though but even other out-of-state individuals I've shown houses to in the past for didn't even take half that time so I was shocked.

Larger properties typically take less time per individual unit (when you have 24 units, you expect a certain percentage to require complete renovations) and more time on building systems.

The rental income for the Series LLC will flow through to individual returns for Ohio state return ?

Welcome and happy to network and assist

We were thinking of purchasing the properties individual, alternating between us and having all three people on title.