I am interested in buy-hold and rent as I don't see real estate simply as a investment tool, but am interested in the properties themselves; and somewhere down the line would love to pick-up some great unique properties.

I've always used the property management division of the brokerage I work at for my clients rental properties and my own, so I probably have a bias towards them and I haven't used a wide range of management companies so I can't compare.  

, Replacement Reserve, Pest Control, Accounting and Legal [No idea how much legal would cost per month]The Dilemmas:Aside from having very little experience in multi-families, i recognize this as a unique opportunity that I'd like to pursue if it makes sense.

@Matt Smith, Each auction company  and municipality is unique but in general if the process can be coordinated between intermediary and closing entity you can utilize your 1031 proceeds for the purchase.  

Every flip is going to present its own unique challenges, and if this is your first one, I think conventional wisdom would encourage you to try and avoid doing it remotely.  

I'm actually in a unique position.  

I have significant financial background from my work as division manager and in business development at TRW (now Northrop Grumman), over 18 years, and have also managed my own manufacturing business (Gates2U, of Maryland) from 2003-2015, and Urban Revivals (Victorian restoration specialist in downtown DC) from 2003-2008.

Texas is unique as to options and installment contracts, they like to see them with 12 month terms or less.

I'd love to be your go-to person when you have any questions on the VA loan such as minimum property requirements, eligibility and the VA's unique lending requirements. 

Which I'm sure is not unique, but the fix is having lines of communication established up front for how to report maintenance issues, what is emergencies, having water lines/cut-offs clearly marked for tenants, etc.Others?