A while ago I used to complain that I had no time and someone recommended that I wake up earlier in the morning to take care of real estate tasks such as looking for property.

Most states require a Real Estate license to perform those services while collecting fees or commissions, make sure to check the states statutes where this property is located.

Getting that done correctly is your most important task right now and give them notice could throw a wrench into it. 

Make sure to advertise in all the available channels you can find so you can perform a true test.

Perform a cash out Refi on your own home to bring you back to 25% equity in your home. 

I'm looking for performing rental properties in SAC.

5 years is a pretty short timeframe to be looking at how the different neighborhoods are going to perform.

If you have experience land lording it might be worth a try, but the task was too daunting for us and we never regretted getting a PM.

However there are non conventional lenders that will look at the performance of the property more than your personal financial picture.

If you have an LLC that you can invest out of that adds maybe more protection and possibly some anonymity.Regarding taxes, however, I think a typical multifamily, self-storage or mobile home park syndication would perform much better outside of a qualified retirement account.