I plan on building a sophisticated financial model and pitch book to show potential employers. 

Payroll, bookkeeping, etc can mostly be done remotely.Here is a great list of questions to ask a potential accountant:http://www.biggerpockets.com/forums/51/topics/70447-questions-to-ask-a-cpaAlso check out the www.NAEA.org page in your search.

Ignore those pesky appraisals and sold comps ... every sophisticated investor buys single family homes based on CAP rates, so you are getting such a better deal than what you can possibly find in CA.

The sophistication of the average person is much lower than what is required to draft a note, so you will inevitably have to employ an attorney.

No one buys homes with cash who is sophisticated.

Wondering what your thoughts would be regarding a Virtual Project Management service to serve investors regarding: Estimating, Takeoffs, Permitting, Interior/Exterior Design Plans, Project Coordinating, Time Management, Receipt tracking, Light Bookkeeping( Payroll Included ), Communication, Daily photo sharing, Real-time Job progress tracking, Projected profits, Photo book creation, and overall daily tasks that can be done from a phone/mobile device or computer...Pretty much a complete Virtual Project Management Admin office...My Question: Any additional suggestions or topics that would be beneficial to your needs in which a virtual service could accommodate?

Hi everyone.I'm about to come into a chunk of money that is unexpected backpay for the last couple years due to a lapse in the payroll company my employer uses. 

Of that 2% would be profit after paying payroll and overhead.  2% of collected rents with average large building expenses between 40-50% that would mean hiring a PM would be taking about 1% -1.2% of your profits.  

This reminds me of AVM and other new age fancy formulas and algorithms that fancy, super sophisticated wall street types use.  

Commercial property owners are generally more savvy and sophisticated than residential property owners.