There's no requirement in Virginia for a property manager to be licensed.There are very few PM functions one can perform without a license. 

Purchase price: $286,000 Cash invested: $100,000 Added a 1 bedroom, 1 bath fully functional apartment.

Also understand occupancy is often a function of the rate. 

Now for the question...The basement is such that it can be made into a very functional space for an efficiency or just a nice laundry and rec room.

@Steve Morris Are you having trouble with the quote function?

Then I look at bedroom count (I like 3 bedroom properties but I will buy some 2 bedroom if they are a good enough deal).Then I look at the pictures to see the extent of the rehab needed and to see if there is anything functionally obsolete about the property such as 7 food ceilings or small rooms with no closets that are trying to be passed off as a bedroom, or a really small kitchen that doesn’t fit any appliances.If the price is right (all-in at 75% of the ARV and it can cash flow about $200 or more and I’m walking into 20k - 40k of equity when I buy the property) and the property isn’t too weird, I’ll buy it.

As we both come from tech backgrounds, our core focus from Day 1 was to try to figure out how we can most effectively streamline the operations and automate as many of the functions as we can.

Once you have a short list, get an account with each one and run them through the wringer to see how they really function.

If you're at a family function or you're asleep or out on a fishing trip on the water or doing anything else that takes you away from your phone, these 3rd party options will allow you to have prepared messages to handle a multitude of inquiries or timed instructions to different steps in the renting process.

On the 4plex I would recommend having it inspected to see if the systems are in good shape, and getting some contractor quotes on what repairs are necessary to make it safe and functional.