I ended up entrusting five properties to their management, and I know of two other out-of-state investors who used them as well.

This would hopefully maintain strong cashflow from the property will providing some capital to use for the next property acquisition. 

tell me more about the deal we are doing the same thing this year.

@Hunter DuplantisFind out what median income is in your area/neighborhood, and don't expect to charge more than1/3 their income.

I don't have an answer, but now I'm following this.

Once you see this, it is a sign telling you to start to negotiate off that list price (could be 50K right there).2.

Following this thread as well.

I was wondering about this too.

My strategy incorporates asset protection measures like LLCs, specific trusts as well as professional property management to spread risk and ensure quality operations.As well as using tax codes to my benfiitSection 179, IRC Section 162, Cost Segregation and Bonus Depreciation and later 1031 them out for larger projects. 

Just check the facts and figures.Like you suggested, there are various opinions, which are all valuable and it's great like that.