Just be aware that some states require yearly fees and/or taxes for LLCs (with California being the worst), and you'll either have to find someone in any state you're not located to be your registered agent or hire one.

Too expensive to hire for 'clean up'.

only 1 in 25 should result in a deal.7 to 8 mailings 3 to 4 weeks apart.They are sellers not buyers.Screen using pat live or another service, or learn how to hire a virtual assistant.

Walking in the front door is a great way to see if you want to go into business with them or not.   20 Questions To Ask Before You Hire A Property Manager  

You can likely hire someone to do the showings and draw up the lease without having them manage the property.Don't lower the rent, though.  

He can do everything from dry wall to roofing, cabinetry, painting,... virtually anything except I don't want him doing electrical or plumbing until he gets licensed by a technical college for that.

Since this is a numbers game, the only way you can answer the question is to do the following:Establish a relationship w/ a realtor winning to run some comparables for you showing the potential value if you convert from a 2 flat to a singleIf the values are not significantly hire than your mortgage then hold on to it as a 2 flatIf the values are significantly hire than your mortgage then get some estimates for converting from a 2 flat to a single.  

If I had to pay an extra 1-2k to have it taken care of by a PM (which I will hire anyway since I don't want to manage the property myself - I'll be a first time landlord) I would rather go that route.Any advice / tips / feedback would be greatly appreciated.

I also do get to hire a paralegal to file paperworks for me, just to make sure that there is a supposed annual meeting and corporate requirements.

The main lesson was that while my husband is fully capable of all remodeling, it is more efficient to hire out so that it can be rent ready more quickly.