A great realtor can place a tenant for you and show you how to self management. 

I talked to Padsplit and they manage SFHs renting each room to different tenants - the total rent is more than renting it out to one household.

$1,500-$1,600 is about the going rate for a 2/2 in most average areas of BR, but I can see where some neighborhoods would get more.Another thing to think about - if the property is sitting vacant right now and you have ready and willing (and qualified) tenants, then the opportunity cost of waiting an extra month or two is $1,550/month.

@Brandon MorganI self manage my 29 SFR and run into this all the time.

Its really just management of the loans.  

Many of the properties I have been looking at have issues but in this case I'm working with the seller to let me get it up to conventional appraisal standards before they inspect it.

Bit of a long story, but my partner and I are trying to purchase a property from a family friend of mine and we're having trouble locating the last seller.

From a financial standpoint, the key is to ensure you're purchasing properties at a price low enough to make rehab costs and refinance achievable.

@Craig DanielsI own a local top reviewed real estate brokerage and property management company in palm bay.

I have a seller that has a property that would be a good deal to develop for new construction.