It will be a new asset with little to no cap ex, and lower expenses.With an apartment, if you buy an existing building, you will cash flow day one, but there are other concerns, such as age, property management, debt, exit strategy.It depends upon your goals with the money, if you're trying to create income, or if you're trying to go into the business full time.Gino

Should I look for some smaller property management firm?

Second home occupancy loans cannot be leased nor subject to a property management agreement.

What is the best rental management software for someone with less than 10 units spread out between single family and small multifam?

If you need a good attorney, I can connect you with the one I use for our management side. 

I've already invested in a duplex in NJ (I'm renting it to two families and managing it) and a single family in MI (living in it).

I use Ziprent property management to find new tenants.

Take a look at some trade accounts and a line at the Big Blue and Big Orange if you are going to self manage.  

You're looking for increased cash flow, so managing more doors and/or strategically utilizing leverage can make a certain sense there...but as you mention financing costs aren't as rosy as they were 2-3 years ago. 

I'm structured and want to pursue something in real estate or money management.