You still have to manage the Manager.I try to stress to Investors that you are better off calling yourself a Business Entrepreneur rather than an Investor once you buy Real Estate Properties.There are aspects where the Properties are like an Investment, such as rising in value due to appreciation, and there are aspects where it is much more of a business when you have to do extra work like evictions and re-renting.I consider buying war-zone D properties to be strictly a business because you have to spend a lot of time in it and you generally receive very little appreciation.I consider buying Prime Property where the management is incredibly easy as more of an Investment than a Business, especially if you can put into place things like automatic rent collection.When people tell me they want to make a lot of cash flow by investing in Real Estate by buying war zone properties, I have to ask them are they really buying an investment or are they buying a full-time job?!

We just want passive income without any hassle or stress.

By that time, the taxes have already been triggered, and any transfer of money from the LLC to you ("paying yourself") has no meaning for taxes.From here, you can complicate things if your life is too simple and too stress-free.You can treat yourself as an employee and start formally paying yourself, with paychecks and all that.

Crawl/Walk/Run   Caveat:  I highly recommend teaming up with a good property MGMT company, particularly if you get an apartment building, but they have been a time/stress savior with our SFH/Duplexes, too!  

Having this “clarity of vision“ has greatly simplified our business and reduced our daily stress.

I'm in CA and only one of my properties is close to me, and quite frankly, it stresses me out way more than any of the ones that are 2200 miles away from me. 

As a newbie, I was stressed out that time.

As I see it, in my situation the biggest downside would obviously be that I'd have to hold the property at least for a short period of time before being able to resell it.However, so many people on the aforementioned thread (and other threads) really stress that if you want to be a real estate investor you should just go ahead and get your brokers license. 

The reasons for a house in good condition to sell to a cash buyer with room to flip could be:   relocation, got a job out of state and need to move and start immediately, divorce,  mortgage is in default, tax liens...One that is becoming more and more popular is "Don't deal with the stress and hassle of a traditional sell"  sellers will sell their home for less because of the convenience. 

MOST places in the US, and I stress MOST, only require either an architects or a structural engineers seal on the drawings.