Multiple rental properties advice

[Tevell Williams]

Hello all, 

I am a new real estate investor, however my partner and I have had our LLC for over two years. Although it has been a long road we have mustered up a owner financing deal that is due to close on may 1st. The deal consists of five properties on one note. 3 out of 5 properties are currently rented out at 440/mo. 4 properties are 2 bed 1 bath 700= sq ft. the other property is 3 bed 1 bath 900 + sq ft. The deal is arranged so that I am not responsible for any payments including note, taxes and insurance for the first 8 mos. May 1st-Jan 1st. We will also receive 2k to begin cashflow and repairs on the two vacant properties. The note is 500/mo. for 60 mos. (After 8 month period), Hope I gave enough info for some sound advice

1. How do I make the best out of the 8 mos. given do i repair with rental income or save rental income for 8 mos? (I plan on using the rents from the other properties to repair two vacant homes one by one)

2.) I plan on managing properties oursellves they currently are managed by a company. good idea or bad?

3.) Good idea to move to ACH online payments?

4.) any other advice for a first time landlord?

Thanks and look forward to taking in all the knowledge and advice.