Georgia is an attorney state. 

However, i work with a ton of out of state investors from all over -- California, NYC, CT. ect. -- who seek rental properties in the Philadelphia area.

Are you out of state or local?

Honestly even at the sub 300kpp I could come up with easily half a dozen areas in the state, i’d rather be in the Baltimore.

Fees should be clearly stated in writing, easy to understand, and justifiable.

Anyway, these two are in different states and are handled by property management companies. 

The 50% rule states that approximately 50% of EGI will typically be consumed by operating expenses.While the 50% rule provides a quick estimate, actual expenses can vary widely depending on the property type, location, age, condition, tenant mix, and market conditions.Here's an example: if a property generates $200,000 in EGI per year, the 50% rule suggests $100,000 would go towards operating expenses like taxes, insurance, utilities, and property management.

Part of me wants to cash out and purchase in another state which has more appreciation potential as I believe my local market has peaked. 

@Zachary Sales, state laws may differ so I don't know what your state does.

To take this further, I recently tuned in to the Bigger Pockets podcast and one of the featured guests proudly stated that they are negative cash flow but that's fine because the property is expected to appreciate in 10+ years.