Are they all from smaller builders or one of the larger reginal builders? 

For example, 6bd, 4 bath with like 3,000sq ft or larger?

I think the area is short on larger (4-5 Bedroom) homes that can really accomodate a whole family.  

It depends.If you find a PM that is willing only to do some task becaue you're still very involved then go for price.If you're looking for a PM that will ease the stress to where you forget you're even a landlord then quality of service is key not price.

Or, would it be beneficial to hire an employee to handle day to day tasks?

I love audio books and listen to them regularly when doing mindless work tasks or on walks.

Are you set on starting with a larger property, or would you be open to beginning with something smaller to build experience?

As your deals get larger, especially when they are bigger than the equity in your home, a fix-and-flip loan may be worth considering.I'm happy to share my experience as an investor and as a lender.

Fannie Mae allows for higher loan amounts and larger renovations (up to $806,500 in most states). 

We decided on the White House area because we were able to find some larger and nicer properties for similar pricing that we were able to find townhomes and things like that in Nashville.