Since you are younger, I would probably suggest that you hire a property management company to mange it for you.

Electrical, Plumbing, Heating, condition ExpensesMortgage- depending on listing price Insurance- Landscape Property Taxes- Vacancies- 8.3% (lower depends on area) Repairs- 9% ( Lower if new house) Cap Ex 10% or (183 if new house) Pm- 10% (when mange) Garbage- Water/sewer - Future Return Income increases- 1-2%Property increases- 1-2 % Expense Increase 1-2% Return Goal: 12% COC Return take a look more at the number... this will give you a better guideline 

If you want CA property where you can live and self-mange, that's a different story.  

I just ordered Brandon's books on rental property investing and manging rentals.

At my company we sell turnkey properties to investors, and we mange them.

You will have to mange showings a little differently (an open house style will be better than individual showings, so you don't disturb the tenants much)  Your target market will be investors verse home buyers.And as a result you will lead your marketing efforts with Cap Rate and less of a focus on Delta between Purchase and ARV.We use a term "Turnkey Rental" when marketing something like this. 

Seems like all the little tasks would eat up a lot of timeCleaningInspecting the unit for damageCheck in check out, KeysIs anyone leveraging technology to mange their properties?

I enjoy working and Right now I manage about $15,000 worth of bills each month so manging bills isn't really a big deal to me.

I wish I could self mange and add 10% instead of paying a management firm. 

We actually mange a few properties for owners in California that have bought in Mobile!