Based on it's current value ($189k), you won't be hitting the 1% rule (rents of $1700/month).

@Pat Baggett Just hit my line at any time.

Very common to hit 1% in the Cleveland market.

I hit all the highlights.

Or, does it make more sense as you hit that size to hire someone that answers only to you to manage it and provide bonus incentives for them to keep everything occupied with good tenants?

to date, we have accumulated close to $30k, kept in a “high-yield” savings account and earning 2% interest.However, in recent months, we were hit with medical bills which we had to put on credit cards, adding another $16k in high-interest debt.

I plan on doing some flips in the Alexandria/Northern VA area with partners who have a proven track record, build up some capital and continue to work towards getting into the multi-family space in locations where the numbers work. 

I know yours doesnt quite hit that metric but its really close. 

Hit the Google machine to find thatThe main reason asset protection came to my mind first is because you said you have 2 businesses with all of these assets, so I inferred that you have 2 business entities.

He is nearly hitting the 1% rule on an $800k property just north of Columbia Heights by using a rent by the room method.