Most of the PM work is done on the first 3 months of the management, then we can recoup our expenses. 2. this Is legally required.

In addition to property sourcing, I require an agent who can negotiate effectively on my behalf, ensuring I secure the best possible deals.If you have experience in identifying distressed properties or working with real estate investors in Florida, I would love to connect.

It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

Flipping well requires pivoting and agility.  

"light clean out required once tenant moves out." 

One thing to consider since you are a California resident investing is the compliance requirements for LLCs incorporated in California or operating as a foreign entity here - the rules here are different than most states.  

What you need to do is figure out what the set backs are that are required, and see what you can do.

If you ask the manager to justify a fee and he starts hemming and hawing, move on or require them to remove the fee.

Do not expect to keep them and be prepared to have to evict.If the jurisdiction this property is in requires anything in place in order to evict such as rental licenses, etc., get them in place before discussing an increase with the tenant because it's much easier to get inspections and repairs done when the tenant cooperates.

In short, I can afford the additional $1100/mo cost of a second house, even until I rent it out.I have around $35K in HYSA and emergency funds that I could use for a down payment, but that's less than 20% which would be required for a conventional loan, assuming full purchase price.