I would consider selling if you have lived in the home the past 2 / 5 years since you have a decent amount of tax free equity in there but as long as you have a plan to reinvest those funds.By your numbers, since you have an amazing rate and high rents, I would consider renting it out if you believe your area will continue to grow in value.

So, often times they don't tell you they are wholesalers and act as if they plan to purchase the property themselves. 

I plan to hold unless the rules change.  

Currently, I am making plans to setup to become a PML.  

Quote from @Chris Seveney: @Jay HinrichsI plan on checking them out.

Don't solely rely on third-party management companies; instead, focus on building a solid asset management plan and, if needed, bring in experts or partners who excel in this field.

It sounds like you got a solid plan for your first investment. 

Quote from @Cynthia Lee: Accepting even $1 could be seen as evidence of a payment plan, and the entire eviction process could be derailed.Once you start the eviction process, to not accept any payment unless it is a full payment in certified funds (cash, money order, cashiers check).

I was in Bay Park / Clairemont a few days ago to look at a trust sale fixer.

I would also focus on landlord friendly states if you are planning to rent.