I really like giving second chances and helping people get back on their feet (I hire ex cons in my other business with pretty good success) but I feel like there are so many bad things this could potentially bring on.

You may want to look into more turnkey investments where you can invest $1M of equity in a more stable asset class and target a cap rate of 7%+ and simply hire someone to manage the investment for you. 

Pro - a division 2 university, close to an air force base and very cheap housing. 

After quite a bit of dragging my heals (I had finally gotten a job again and was learning the new job), I hired some people to come clean out the home and cut the grass/weeds.

Builders like buying at this phase because the red tape is out of the way, and they can save a couple bucks by hiring the infrastructure contractors directly.

Would you prefer to manage the property yourself, or hire a management company?

This time I hired a marketing agent to handle some of the specifics because we were at the very tail end of my orders (boxes packed) when the hurricane hit. 2 days later my marketing agent said she was taking the listing off the market for two weeks and would re-list at a higher price point to focus potential tenants.

We just completed one year of our brokerage and hired 5 agents which was my goal.

If we don't hire a property management company to manage our 3 door rental, but then we need to evict someone, are there property management companies that will just do this portion for a fee? 

@Daniel N Pringle sounds like you should hire a great PM and let them manage it.