We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

I recognize that my net worth is small compared to some of the people I associate with.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Property Valuation:Investors look at a variety of factors to determine a property’s value, including comparable sales (comps), rental income potential, and location.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Wraps cost more and take longer (legal fees, recording fees, servicing fees, etc) compared to a SubTo.

It could provide more cash flow but your leverage would still be less due to the total value of that property compared to the 4plex3) Is there an easy way to understand what price range I should stick to in my area, and should I focus on the best market or focus on the best price for properties? 

  $6.25k feels manageable, so I compared the rent vs purchase numbers.  

IMO 6 months is nothing compared to other illiquid assets.

I would compare my return with any market, anywhere but 1) this is a different San Diego market than the one I have been so successful in 2) while I am a big fan of leverage, I am not a fan of over leverage.