Holding onto a property merely for tax considerations is a dangerous gamble.

At minimum, I would try to establish rapport with one handyperson so you have someone on call for when things go wrong. 

However, PS is more established and we are focusing on 4/2 SFH (no land lease and under city caps). 

Like many (most) businesses it requires an investment of capital; money expenditure for ongoing marketing; management of operating, marketing and professional personnel; keeping accounting records and filing tax returns; established sales practices; constant monitoring of goals, budgets, and productivity; establishment and implementation of operational systems; and providing customer service.  

This is investing, not gambling.

@John N Cook any insights into how the C-corp valuation is established in order to justify the stock purchase via the ROBS 401k account, assuming the c-corp has no assets or revenue on the books - how does one justify the investment in an audit?

I view this as a gambling puzzle.

Since you are looking at investing out of state- establish some relationships with realtors, investors, contractors,..... in the market you want to invest. 

You are already off the articles of incorporation since the Wyoming LLC is established first through a registered agent service.

Reafco is a well established brokerage in Columbus and has a ton of deals and resources to help you out!