This is a little last minute but I see you're in BCS.

You then multiply that by your anticipated net profit per month per rental to determine a monthly income and see if you can live on that.  

I am expecting to do 3-4 deals per year until I get to 20 properties or so and then snowball the debt so they are all paid off by retirement. 

With this, along with shifting the utilities to the tenants and reducing the management fee to generate an NOI of around $103k, I'd estimate the value around $1.8M to $2.0M

Quote from @Matt McNabb: I'm a solid $400k/yr job in NYC and have $250k to begin investing as my first step into building a portfolio, although I don't have time to be a landlord so I have to account for management fees.  

Honestly 350 days a year I don’t even think about it. 12 days a year I wonder if everyone paid and if not will they pay, for about 30 minutes.

Separate accounts per property incurs a lot of overhead, such as minimum balances or fees for missing the minimum.I use separate accounts for each tenant's security deposits.

They don't allow auto payments or automatically add late fees, and tenants would have the option to pull their payment back, which is not ideal.

And @Michael Plaks is correct that setting up in GA didn't avoid the CA LLC fee. 

With it being about 25 minutes to Austin, it could work OK.