I figured the PM would definitely be local to the area of the property and would need different PM's for each area, those were just the areas I'd like to invest in. 

We just ran the new build comps for our market in Columbus Ohio and saw a pricing premium of more than 40% in the urban core for infill work.

You might want to speak with the owner of the house next door and let them know you'd like to buy it.

Quote from @Eli Fazzo: Hey Bp family, I’m looking to move to Lexington, South Carolina area within the next year or so.

One of the biggest challenges for everyone involved is being on the same page about the actual time required for maintenance.DIY landlords rarely properly track their time when it comes to property management in general - tracking their true time invested in maintenance is where they perform the worst.Investors that hire PMCs are rarely any better at understanding the true amount of time maintenance takes.

Mark, since you're an inexperienced investor, I would be very cautious about borrowing against the roof over your head.

With you being qualified for an FHA loan on your next home that you're purchasing, will you be using the rental income from your departing residence to offset the mortgage payment on that property?

Please keep in mind, this is my opinion and I am not being paid by RESimpli or any other person for my comments.

You live in one room, rent out the others, and pay your expenses with the income.

@Jillian Alonge A HELOC provides quick access to equity for your next property but transferring the property to an LLC via quitclaim deed may trigger the due-on-sale clause—check with your lender.