I was looking for some advice (viable target areas in Cleveland or Ohio in general, financing options and credible PM/realtor contacts) from the experts here though especially if you are in a similar boat as mine (reside in Canada/Ontario area and invest in US). 

On public websites, I see some options to acquire a duplex in central Los Angeles under $550K which would require at least another $50K of work if I do not outsource most of the labor.

If that’s not an option the cheapest and easiest option two would be to use NORTHWEST REGISTERED AGENT out of okemos Michigan. 

Quote from @Logan Barwick: I Am looking at getting involved in rental properties and debating on which option would be best.

There are many other options as well including some that are included in property management software products. 

Here's a breakdown on loan options to consider:FHA Loan: @Brittany Minocchi is right in looking at FHA option.  Low

I thought there was a chance that one could use real estate to directly lower their main source of taxable income (such as a w2).

Sometimes cities will allow this, but it depends on local zoning rules.If neither option works, it might be worth consulting a real estate attorney to explore your options.

They lower taxable income for federal taxes but not for FICA.However, employer contributions made by the S-Corp are not subject to FICA and count as a business expense.Make sure your W-2 correctly reports wages, deferrals, and FICA wages.

Financing: Explore financing options for out-of-state investment properties.