I have a group plan for my employees, but I get my coverage from my wife's employment because it just works out to be cheaper that way.

Even with a PM there is not enough income to employ a full time repair person.

The real estate division may be the cudgel that's needed, rather than employing an attorney.

She's not the only friend I have who is in a similar position - financially stuck because they chose majors they loved, versus majors with employment opportunities.  

I have an opportunity to move to Austin with my employer and need to make a decision on whether to continue self-managing my rentals or hire a property management company.

What is your long term employment like? 

Rest assure you can hire live in domestic help and terminate without eviction process in Cali.thanks,MattMatt:  How do you suggest someone take advantage of this "full protection by law" you are claiming employers of live-in help have.  

I agree with someone earlier, you have to remember who your talking about, Dave Ramsey is really more geared for a 'regular' employed person with no cash flowing business,,,,not someone that is a professional real estate investor that knows how to make money with debt.If I followed Ramsey's model I would own 1 house, all cash,,and cash flow about $800 a month,,,I own 5 properties with debt and cash flow about $2750 a month,,,which do you think is better (and have over 25% equity in each of them)

That will cover the timely paid rent.I assume you already run their credit and it checked out fine, so just make sure you also verify employment and ask their employer if they will rent to these tenants if they were landlords.Good luck!

I know several that employ that strategy.