A good business structure can help alleviate most of that. 

One could agrue that you may want to start with PM on day 1 so you can also build your team, alleviate your time, and keep focused on the future.

What other zips/neighborhoods would you suggest to alleviate that higher risk?

This is causing our DTI percentage to be too high for hard money lenders and banks to be willing to loan.The above facts have me applying for W2 employment right now to alleviate this issue, but that will be 30 to 60 days before solving the problem, minimum.My wife's credit score is around 790 and my credit score is over 800.

Screening your guests properly and setting tight rules will alleviate a lot of this.....

This implies renter options include a) rent at the existing rates b) move elsewhere (some people will choose this option, but not enough to alleviate the housing shortage) c) purchase.  4) the increased interest rates make it much more difficult for the first time home buyer (i.e. current renters) to purchase. 

This would further reduce living expenses alleviating more pressure during the growth phase of your other venture. 

It doesn't alleviate the need for you to do as non-turnkey investors would do and dive into everything and check it all out.

If an investment adds or alleviates stress to your life, there is a value/cost to that.

In fact that is a very strong strategic move to alleviate the tight time lines of the 1031.