Have you considered investing in any other markets and how you plan to manage the property? 

It sounds like you may not be cut out to manage rentals in which case you should probably sell.

Metron and Southern Water Management are two that we've been talking to.

I've asked my clients a similar question and have developed tools for them to minimize this, but I find there are a few different types of clients.Manager managed - these folks have no issues as they simply upload their year end statement from their property manager, their 1098 mortgage statement and any other one-off expenses they may have paid for outside of the management company. 

If you live in CA, NY, Boston etc - the financial difference is big enough.Investing in your home town is always best, you have the home-field advantage and you can buy, rehab and manage a lot more efficiently.

I manage around 400 rentals with 14 years of experience and have never been sued once.

The state will get its pound of flesh and my liabilities were better managed by executing perfect permitted work and excellent insurance.I'd sincerely recommend having a savvy CPA, Lawyer & Insurance broker.

In addition I heard that is better having one LLC for each property and one for management only.

I manage many of them in Jacksonville, and have a lot of information on them.  

The growth of 1.6 million additional residents will require investments in infrastructure, housing and transportation, the organization added.The numbers were provided by the group’s research team with data from the North Carolina Office of State Budget and Management and the South Carolina Department of Revenue.