I am also a broker and own a PM company.

However, we want to make sure that we also find a good property manager in the area that is familiar with small multifamily rentals as we are located out of state.

Meanwhile in a state of temporary euphoria (insanity?)

Except the last three years I have been in Brazil I got a rent to own that may not end in my favor.  

Expect to work at least 60+ hours a week for the first year and make little to nothing for 6-12 months.You dont want to risk making mistakes due to inexperience or lack of knowledge by starting out on your own.

I still own this property and in only 4 years the value increased about $100k with cashflow of $1000/mo Lessons learned?

I did trade in land though but they were all quick flips so not really investing more like controlling my own inventory.. 

I own 2 small multifamily properties (4 unit and 8 unit) and it sounds like the big opportunities lie in big commercial property (ex. 100units and up).

Do you have your own portfolio?

Owning a campground or renting houses?