Handle Legalities:Make sure you have all the permits required for the task you intend to perform.

I do know managing more than 1 property is a tall task unless that is pretty much your job. 

Plus, other routine tasks like transferring loans and providing payoffs were way more difficult with them than it should have been.

It’s mentally tasking, which is my biggest battle now.

In general I am anti-arbitrage but for something so unique it may make sense. 

Or, would it be beneficial to hire an employee to handle day to day tasks?

Last year was the first and only year we had a negative cash flow, and that is driven by the anti-landlord west coast sentiment.  

It depends.If you find a PM that is willing only to do some task becaue you're still very involved then go for price.If you're looking for a PM that will ease the stress to where you forget you're even a landlord then quality of service is key not price.

It's not easy, but all successful agents operate like a business with daily tasks to attract leads and follow through on those leads.

I love audio books and listen to them regularly when doing mindless work tasks or on walks.