Statistically speaking, you have a high chance of facing a lawsuit with that number of units of the next 10 years.

One company owns everything and does nothing (this is your SLLC a/k/a "asset holding company") and a completely separate company handles all of your operations (this is a traditional LLC a/k/a "operating company") For the operating company which serves as your face to the world and through which you do all your business, you establish a Traditional LLC to carry out the operations of your investments.

As a personal challenge I’d ask yourself “what are the reasons I do not wish to manage?”

Challenges?

Is it more or less challenging managing a mixed-use prop than managing 2-4 unit multi-family properties (in both cases, not requiring significant capex)? 

When I initially challenged that fee, Lender did say that he may be able to lower it but  first would need all the paperwork done, credit pulled, etc. 

Pretty much everyone on here is happy to answer questions and can help you break down issues you face so feel free to connect.

Wilkes-Barre is a better market then Scranton but still has its challenges.  

The place he linked, I'd go a step further...I think it'd be a challenge to break even in that property. 

Challenges?