Also Florida is huge so you'll need to get specific on where you want to invest there and consider your budget.Hope this helps you start narrowing down where you'd like to invest.

I narrowed it down to 2-3 markets and then started networking with agents, PMs, and investors and ended up choosing the market where I liked the team the most.

Talk to people after the auction that bought properties, offer to take them to lunch to pick their brain.How to do the research and narrowing down your best properties is the key to success in this business. 

That might help you narrow down on the list of cities and areas that would be a good use for the $200k investment. 

Sure enough, after turning the water supply at each of the toilets off and then alternating keeping one on,it was able to narrow down which toilet was keeping the meter running due to a faulty flapper.So it could be a $5 fix you can take care of easily vs paying the cost of a plumber if that's the case.

The registered agent serves a very narrow purpose. 

Personally, I would narrow down A) Where you actually would want to live.

I'm looking to buy my first investment property (actually my first home in general) and I've narrowed my search down to a few cities, Milwaukee being one of the top ones!

About to acquire my first few rental properties & have narrowed in on the Chattanooga area.

It sounds like you have some business narrowing to do yet to determine the best investment route that fits you, your skills, your resources, and overall goals.