Ideally, you would want one that would share systems with you (spreadsheets, budget tracking, walkthrough checklists, etc) this would save you a ton in time and duplicated effort. 

Often times there are bedroom size requirements, residential sprinkler system requirements, among others.You'll want to then check the state regulation agency and review their requirements and licensing process. 

What are your favorite property management software systems of 2024?

If the properties are in California, check to make sure they will not be subject to rent control once put into an LLC.

You can keep renting and saving but that doesn't give you control of that living situation and money that is not working is losing value. 

I would take a 1920s property that has all new systems over a 1980 property that hasn't been touched. 

I dont care to ever be a land lord, GP or LP, RE seems to be either a lot of TTT ******** or you invest as an LP have no control over what’s going on. 

I purchased similar to you with all parties agreeing to the terms (8% below appraisal on property with drastically under market rent in a rent controlled jurisdiction).  

They seem to be a startupy type company that's tackling PM in the some of the hotter tech areas (Seattle, Bay Area, San Diego).When I spoke with them their fee system was pretty transparent (5% monthly only while it's being rented).

@Devan Dorzok Any time you buy something with a septic system I highly recommend an independent septic inspector.