The potential tenants from the realtor were much better quality than what I was getting online and from my yard sign.  

I don't know anything about the companies you mentioned, but the property management I have in JAX has been really outstanding, one of the best in the country I think. 

I set up an LLC for a rental property I purchased last year, and I'm learning that I cannot simply transfer ownership while my loan is outstanding (Due on sale clause risks, insurance policy complications, etc...). 

Building constructed in 1980Present loan value appx $77k on a 15 yr note with 3.375% interestP&I pmt is appx $602NOI 2014 was $11489NOI 2013 was $5142      (spent around $4k on updates/remodeling)Appx $27k by my calculations of capital improvements needed in the next 5-10 years to increase the value of the property, properly maintain it, and keep it functionally up to date in order to attract higher quality tenants (located in a b grade area) (I'd rather have more invested to have higher quality tenants - have my own reasons for this line of thinking - willing to sacrifice a bit of profit to have good people)- Redo Kitchens- replace doors and all base trim/casing (more for my taste and would help the place rent out even quicker)- 2 escape windows installed for basement bedrooms- Concrete work needed on patios and near front of the house -- need to be done in the next yearProperty based on comps in the immediate area and a tight supply of decent duplexes here is $175-210k or so.  

I would like to start with rehabbing properties to build capital, and eventually begin collecting buy and hold properties.I look forward to learning more and contributing to this outstanding community of helpful people. 

The two questions we should be asking ourselves is it quality or quantity that matter and is it more important to have a higher cash flow with less units or would you rather have more units with less cash flow? 

You're better off combing through 100 deals to find one that's in a great area that gets you 1% with appreciation potential and quality tenants, in an A or B area, rather than 2% or 3% in a bad area.

I'd really like to get something going in Southern California too but I might have to look at SFR's just because of the scarcity of quality affordable (based on my position) multi-family's.  

He is a great guy that does quality work.  

Great point Kyle J; quality tenants are obviously great, just a bit concerned that more requests might come down the pipe and start eating into our baby cash flow.