Things to consider are self management, travel distance, property taxes, insurance, resource availability. 

Below are some systems that I utilize to manage my portfolio. 

at 7.5% interest I would suspect 11% is high unless you are an excellent manager of class C properties.

I’m also assuming you intend to manage them yourself, right?

Property managers can be huge scammers, wholesalers and realtors do not care about you so don't trust anything they say, ask hoa for financials before moving through the dealHow did you find this deal and how did you negotiate it?

As a property manager, I would wait until 7/1 to start the eviction process so you can check to see if they have vacated prior to spending the time and money to file an eviction.

Pros/Cons, How to find management Company, How to find right tenant?

But the majority of the time, doing the active diligence can ultimately provide the best experience for any placed tenant which in turn will ultimately help yourself, if a property manager, maintain a healthy relationship with your portfolio of owners going forward for them. 

More options means more lending, property managers, insurance, contractors, etc. options. 

We found a management company that is charging 10%.