The key is to standardize property quality and management systems, which would appeal to buyers seeking scale.If you’re thinking long-term, holding these properties for cash flow while leveraging local appreciation is also a strong play.

one thing is your lending your money way under what private money should charge. unless your just doing your friends a favor..

I am interested in buying a long-term turnkey property in a nice area (I live in San Diego so this property would have to be out of state).

Does anyone have any referrals for property managers in the Los Angeles area who specialize/ have experience in mid term rentals? 

However, I'm in the middle of a cash-out refinance of an investment property I already own.

Utilized a low down payment loan, maxed seller credit, tax proration and closed on the 1st of the month to maximize my cash and acquire this property What was the outcome?

As an out of state investor, I would love to connect and potentially have a property manager in my team that experience in Section 8 rental. 

@Brett K. we manage in Class C areas, so have to deal with this a lot.Options:1) Boardup - pretty useless as easy to rip the off and advertises the property as vacant.2) Armor Guard door frame reinforcement with temp double-key deadbolts.

"can't find a cash flowing property" - Welcome to the club!

If your interest payment is $8,125Your stocks have to make a dividiend of about $11,000 of which you would prolly pay 15% to 25% in federal / state taxes / NIIT.Assuming you will make a 10%-11% return is not guaranteed.You will also feel good about having a paid off property(relief).Furthermore, your credit score may go up with a paid off property.Best of luck!