I plan to hold unless the rules change.  

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

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

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

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

Since you plan to travel often, focusing on systems and building a reliable team: agent, lender, property manager, and contractor. 

KeyGlee was planning to double close here.