It’s paid off, I would “like” to leave it that way & maximize the cash flow while paying down the heloc between the rental & other income.  

I've bought a couple sub-to's in the past and about to close on one next week. 

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

I am of the opinion that you'd be better served using that money toward the down payment on a property.

Are you looking at the maintenance/repair costs of the homes once in place, W/S/G costs. septic expense if applicable? 

The current price of the house is worth about $900000.

You definitely would want to read through the county laws again.If you don't want the extra load up front, best to wait until you get the license.

If you conduct yourself as a serious investor truly looking to work with that PM than they will likely help you through the process, especially if you use them as an agent.

What's the plan with the property?

When we did the walk through guess who they asked questions to?