Thanks for the tip!  

The big problem here is if the quality of work is no good.

1) Don't fall into analysis paralysis, theres a ton of ways to invest in Real Estate, pick one and go.2) Take action. You will fail, you are supposed to fail, that's how you learn.3) Systems! Create systems that make ...

@Tyler Gilpin When you say "does pretty well", is that more of a commentary on the quality of the tenant (aka "lack of damages to your property") or the timeliness of payments (either via HUD or the tenant's portions)?

Here are some tips for hiring a PM:1. 

@Jared AppelWelcome to the community and be ready for a huge amount of information at your finger tips.

Are their listings detailed with good-quality photos?

@Hector Espinosa While cap rates can vary widely from one market/city to another and from one type and class of property to another (and based on the quality of the tenant), I did a quick search on LoopNet for MF properties currently for sale in SD and most "asking prices" suggest cap rates in the 4%-5% range.

Your guidance, tips and strategies are very much appreciated and needed for a new investor like myself.

However, professional remediation is essential for quality results, complete documentation, and assurance that the job meets industry standards.