Here is the short version for getting deals (at least in multifamily)1) Look on loopnet/har for the properties that look like what you'd want to buy. 2) See who the brokers are, and introduce yourself. 

I would  like to start my own property management company where I potentially manage other investors properties also in the future, but mainly to effectively manage my own with employees of my management side of my business.

Watch out for personality disorders in partners, tenants, contractors or employees.

@James PalassisPay him a reasonable hourly wage based on the type of work he is performing and what any other employee or independent contractor in this capacity would get paid for those services.

We have good connections for materials (literally buying lumber from a mill at cost due to employees in the family).

Factors to analyze are:Unemployment: 5-year changePopulation: 5-year changeJob diversity: ideally, no one industry employees more than 25% of the working populationTop employers: list of top employers to keep an eye on (i.e., are they creating new jobs, cutting jobs, building new facilities, etc.)Supply and demand: median rents, new builds, and occupancy ratesCrime ratesNarrow it down to a few cities.

Land and labor are significantly cheaper and will not price most of their employees out of the area due to the cost. 

Big Catch: In order to do this renovation, I quit working as a W2 employee, with my dad and am now doing my own electrical contracting work.

You may want to consider har money lenders and then you can refinance after you've fixed the property. 

We are both government employees and have reached a point where our incomes will grow linearly, rather than exponentially.