From there, adding discipline will get you to where you want.Instead what you're doing is advertising you have money, no knowledge and are going to have the average BP RE agent(bottom of the barrel quality) come here to promote their services with no regard. 

I would say 225k around average to stay out of high risk zones.

If they are not aligned then simply keep looking till you find one that is.I would look up NARPM and start with them..Below are some questions I would think would be a good starting point for you to see who really treats their company like a business or a hobby.My business partner is a regional VP for NARPM and I am happy to help if you need anything please reach outQuestions to Ask prospective management companiesWhat are your average days on market for vacant homes?

Their main sales pitch is that they will teach you how to make more money by charging your investors double the industry average acquisition fee.  

Remember that averaged 8% annual is WITH dripping the div, not taking it.

Also, make sure you thoroughly research rental demand and average rents in the specific area of Miami you’re considering.

Many aren't used to explaining why their services are worth $12,000 (the typical pay for selling an average-priced U.S. home).

Companies typically last only ten years on average.

As professional PMs, these scenarios are less anxiety inducing to us because, unfortunately, we deal with professional tenants more than your average landlord.

Just make sure to adjust the rent enough to cover the average utility costs and include it clearly in the lease terms.