Moreover, there are leasing companies such as PadSplit and HomeRoom who implement this daily, but for your property size/scale, I don't believe they'll be necessary. 

No property management company in LA is going to help you rent by the room.

Leasing out property to a management company.

Buy Box:- Creative deals only subject to deal - < $600,000- >2000 sqft living space- No HOA- As many bedrooms as we can get - At least 2 bathrooms- ADUs are a huge plus- Cosmetic rehab is preferred but will entertain light rehabs under $10k.- Close to transit preferred- Close to jobs/shopping

Two years ago, it was higher and sellers wanted money hard day 1 in a lot of markets.I would ask brokers and property management companies and attorneys in the marketGood Luck!

As a result, we're calling another appraisal company out and it's going to take a few more days before we wrap up. 

It seems PMs don't make a ton of money for all that they do and their incentives don't always line up with investor's incentives (i.e. getting paid more for turnover in terms of tenants when I'd prefer no turnover or vacancy).Sorry for the long intro, but having said that, I have a few questions...   

I've heard Stessa and Buildium for the most part but find it's actually very difficult to use for the average small scale landlord (I have 7 doors)The cost of Buildium I think is way too high for the small scale self managed landlord like myself. 7 units comes to $55/monthAs for Stella, the UI isnt the greatest and probably tailored for more property management companies, and the accounting features are rather lacking for Canadian tax laws.

Everyone has to balance their own risk / reward preferences.)I would continue to follow real estate, follow the conversations in the forums, save money, watch for opportunities (there are always diamonds in the rough that are out there - you just have to find them), and work to move yourself to the best position to be able to be an investor.  

Nobody knows lead conversion rates, except maybe the company who is converting them.