If I had to choose, I would lean towards option 1, I like the idea of having a dedicated person that at least knows my name and is familiar with my properties and can help "keep an eye on them".

In similar situations, it may be worth considering renting first and selling later when market conditions are more favorable.Finally, the importance of choosing the right agent is a valuable lesson.

The beautiful thing about real estate investing is there are several avenues you can choose from depending on your end game. 

You could easily have a sub-account for profit first and split incoming payments into whatever buckets you choose. 

Others choose to hold properties in their personal name and rely on umbrella insurance, which is simpler but may offer less comprehensive protection.

Calculating the Deduction: Choose between the simplified method (a flat rate per square foot) or the regular method (actual expenses).How do you manage your home office deductions?

My recommendation is to choose a medium sized management company, if it's one of your only properties. 

Then let seller choose.

To succeed, choose your investment criteria, start small, and consult a local real estate agent or mentor.

Ideally, the person you choose should be someone you stick with long-term to make things easier.