. - PM provides a cash based accounting report every month, for every unit under management, that clearly labels all rent, all expenses, including management fees, and the net directly ties to the amount of money deposited into my bank account.- PM is a licensed handyman, or has them on staff, and takes care of most unit turn work at a reasonable rate. - PM has no breakup/termination fee- PM does not take project management fees, except on large or complicated CapEx projects exceeding $5,000. 

Evaluating different options from that standpoint will allow you to best determine what will truly move the needle in terms of your wealth building. 

Best option would be to separately meter the property 2.

Based on the development expected over the next decade, I believe it's a great area to invest in. 

So - somewhere 2 hours away, or somewhere you like to vacation in, or where all your family lives, or where you plan to move someday.Too many people are trying to do exactly what you're doing - pick a market based on a formula - and they end up buying a random 'cheap' property thousands of miles away, turn it over to people they've never met or even spoken to, and then... lose money.  

As a result the property, based on capitalization rates, can now be sold for $450,000.  

Quote from @Paige Seeley: @Jay Hurst even with 20% down, what non conventional options are you talking about? 

I want to be able to find potential markets/listings nationally based on the return.

In my experience, the good ones are expensive, typically require a subscription, and sometimes they even do a physical inspection of your premises to verify it is a legitimate person / business in US.

If maintaining cash flow is your primary objective, you might want to explore other options.