Buy some books and start learning how to manager your property now.

Hello,My Wife and I own several long-term rentals in the southeast.

Hi Max, being "caring" and having a conversation with them at the door can save you.  

I am considering the pros/cons of doing this without a property manager or real estate agent. 

It's the only that I can affordable How did you find this deal and how did you negotiate it?

It's really simple; when ya don't know what to do or how to do it HIRE and employ those who do. 

Can someone explain the advantages of having (LLC #B) taxed as an S-Corp as I am told only my “reasonable salary” paid out from (LLC #B) would be subject to self employment taxes.I.e., I earn $200K through commissions through LLC #B.

Quote from @Virginia Frost: I'm always looking for a good opportunity but honestly my next purchase will probably be something that I don't have to do a total overhaul on.

I'll quote the book, in the section how to vet buyers from fake buyers (other wholesalers)."

If you want to take pictures of some of the work you did, you could save that in a Google drive as well.