Again, I was about to get into the game as an owner and manage the properties myself, but this seems like a no-brainer and a great learning opportunity.Any advice about how to jump in would be appreciated. 

We then talk about logistics for our upcoming relationship; how to pay rent, how to submit maintenance requests, emergency maintenance request process, HOA restrictions and violations, confirm they have switched utility accounts over, and other pertinent facts about how we manage homes.Finally we collect move-in funds and exchange keys.Welcome to the game!

We made sure to harbor a good % of our Reno budget just for landscaping, lighting, fire pits, lawn games, etc.

This cuts down on the volume of water the tank can hold.

--but that's the nature of the game.

The reason I bring this up is that changing from a single member LLC to a trust with both you and your Husband could potentially reset your 2 year holding period requirements if you wish to 1031 exchange again in the future. 

Fixed could be a safer bet with your loans already playing interest games.

Buy & hold?

It’s a little bit of a different ball game than resale properties.

Based on that math yes, you'd clear a couple hundred dollars after all debts and expenses, not the worst spot to be if you're not necessarily needing the cashflow/trying to live off of it, but instead are focusing on playing the long game.