And nobody's going to check at any point that you're still living there.

Check into Wister a sister company to Proper that understands STR and PM of them.

Yes, we do exist I would check out XYPN and NAPFA as sources for finding an advisor to help.  

Legal and advisable screening criteria include income verification (2-3 times monthly rent) and thorough rental history checks with previous landlords.

Check the LLC is legit and consult a tax advisor for tax details.

Check with your lender to make sure they are comfortable lending with this period of 3-6 months where your cashflow is light.In terms of updates and tenants, it sounds like you may have time to complete them at the end of each lease expiration.

It is a standard expense to the partnership, similar to insurance, taxes, etc.

Make sure you triple check their coverage limits though, and ask me name is an additional insured. 

The last factor, after doing due diligence is to do a gut check on your intuition. 

Right now, my only income in a weekly 300.00 unemployment check.