I did manage to get things ship shape enough to get it ready for a bank.

I don't have any padsplit though for reasons I'll tell.You will be mostly wrong assuming padsplit is lower effort, hours / week managing vs airbnb.   

I am not planning on driving the routes - would need to have a manager & dispatcher while having trucks and drivers actually drive the routes and deliver packages.The businesses seem to be quite strong cash-flow-wise but I'm not sure if it's a good idea to get into this business.Would appreciate any feedback on this.Thanks.

Hello BP Family,I've managed my own properties for over a decade and I'm looking to start a property management business where I manage other investor's rental properties. 

In today's world, unless you are looking for a job to manage the investment, there is no reason not to look to a state that is more landlord friendly.  

Of course, there are construction considerations building on concrete, but nothing that can't be managed.

Obviously, you are planning on doing your own property management once you purchase your first rental. 

You need to learn how and when to use all the tools available to you (financing, insurance, management, etc.)

The key is to find a good fleet manager at a dealership in your area.

I own a couple Chicago MF that he did gut-rehabs on and his team still manages them for me.