If you are waiting on a repairman for those as well general repairs its going to hurt your profit and your appearance. 

See, the majority of profit in real estate is NOT made by below market purchases.  

If you use a PM, you are cutting heavily into your profits.

A growing income stream is worth more--so I'd like to see growth so that there is a path to profit. 

We have grossed $300k in revenue over the first 12 months of operation, at a ~50% profit margin.

After holding a property for more than 10 years, investors can sell the property without having to pay capital gains tax on the profits, making it a favorable environment for long-term investors.Investment Strategies for American Investors in Germany1.

This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.While the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall loss.

The hard part on every fix and flip is to find a property with enough meet on the bone to make a good profit.

After two years your only profit will be the education you gained. 

I think you run a real risk of your second rental eating up the profits you're enjoying on the first one.