Still narrowing things down, so I’d appreciate any recommendations!

What would you guys recommend for the yard?

My recommendation is to partner with th someone who has a lot more experience before jumping into a syndication after owning one property for less than a year.

I would 100% recommend that in whatever market you choose to invest in , that you form a relationship with a good property manager, as that can make-or-break how well your LTR goes. 

I recommend people only sell if (a) you can invest the capital in something that performs better, or (b) it aligns with your goals.

As @Nathan Gesner recommended, it's a bit early to worry about this!

Feel free to DM me if you'd like more insights on all this (we don't do biz in Alabama so got nothing to lose).Here's some other "copy & paste" advice on how to search for a better PMC:----------------------------------------------------------------------------------------------Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Aside from downpayment, you want to have a solid emergency fund in place, something that can cover unexpected repairs, vacancies, or any other random costs that pop up.I’d also recommend saving more than you think you'll need and keeping a close eye on your expenses.

So, your focus may need to pivot from high rental cash flow to little to no cash flow as a rental with an appreciation upside.I would recommend taking your $150K to $200K and securing a solid equity position in something that will cover its expenses and maybe provide a small cash flow, but then is poised to appreciate nicely over the course of the next several years. 

@John Lasher if you want to focus on MF, especially in the North Florida markets, I highly recommend you speak to Beau Beery.