Do I create an operational agreement between LLC A and LLC B for such operations?

You as the operating partner are responsible for the management of the property: finding tenants, maintenance, overseeing and organizing the financials, etc.

Adding a heating and cooling system (the reason this house was not operational), and minor interior renovations.

So for folks who aren't that, put them at Nursing Station 37, a "it's nice to have someone here, but operations aren't crippled if someone isn't here."

BP Real Estate episode 481 talks about the core 4 and I think one of them was on PMs and screening. 

Those are great places that will give you opportunity to speak with operators.

For me, real estate provides the monthly core income I need for retirement.  

Your accountant is more than taxes, they assist you in business operations, planning, asset protection, personal finance and estate matters.

It will give you EXPERIENCE in the transaction, as a landlord, dealing with city issues, learning how to model/budget, etc. and how to operate!

We have a our "core 4" locked in, so if anyone needs an agent, lenders, wholesalers, contractors (both class A and regular handy persons) or a qualified intermediary...please feel free to shoot me a note.