Also a good pm company will provide a P&L every month.

-----------------------------------------------------------------------------------------------------Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Once those guys are in place and you have a go-to title company that your realtor recommends and a lawyer.

In the real world, most companies with stock prices that drop down that low are more likely to go completely bust, and whatever you invested will just be lost.Regardless of the game's weaknesses, I think overall it was valuable learning experience.

I'm working with a company who owns a small, 19 unit, senior and low income apartment building.

Just tell them you work for the Property management company in my opinion. 

I work for a wholesale company that does 10-15 deals/mo in Alabama.

If so, self-managing properties might not be the best use of your time - In any case, I'd encourage you to talk to multiple local property management companies, keep the above in mind, and understand how they approach management.In my experience, property management isn’t just about finding the right tenant or collecting rent—especially in a tenant-friendly state like Rhode Island.

Is this purchase on the MLS or through a turnkey company? 

Once you find that company then you have to make sure that your business model aligns with theirs It is very important that you make sure you take the time to interview and have candid conversations with a PM company.