, maintenance (5%), and PM (10-12%) if you choose to not self manage. 

I do have some investment experience and I'm currently managing 1 property, all the numbers are great and there's a good amount of cash flow and long term growth so I'm not a total green horn. 

Or hire a PM company to manage for you?

I work on a ton of Padsplits in the Atlanta market and it is tough for a 4 bed co-living property to be much more profitable than a long term tenant factoring in additional utility expesnes, padsplit fees, and additional property management expenses.

I am based in Virginia and licensing requirements here seem manageable.

I also recommend you start looking for a professional property manager, at least until you educate yourself enough to run this solo.

Jeremah - First off, congrats on what you and your wife have already built—it’s no small feat managing W-2 income, business income, and rental properties while thinking strategically about tax planning.

My top recommendation is to begin by contacting property management companies in each target area.

I have managed to get myself into a bit of a complex situation on my first deal and I'm looking for some advice. 

I manage the program for one so I wanted to provide good questions to ask.