I found this property last month that featured a main home (3bed/2bath) that’s move in ready, also has two move in ready studios ready to be rented.

@Dean Colias I'm actually not familiar with the VA renovation loan, but if it mimics the features of a normal VA loan ($0 down, no PMI) then it's likely another GREAT tool to build equity by buying a fixer upper and forcing that value with a renovation using bank funds lumped into your mortgage with...$0 down!

Median price is around $355k (of course price varies by location and features) and rents are area dependent but roughly $1 SF

Yes, lots of red tape so can be very nerve wracking. 

Located in the heart of the up-and-coming Midtown district of Kansas City and situated on 5 acres of land, the property features two buildings, totalling 82,541 sqft.

It was built in 2005 so many of the features are outdated but they're functional from the looks of things.

I don't need tenant screening, maintenance management, notifications or advanced business features, but need something better than just Excel spreadsheets.

@Noam Birnbaum It sounds like communication is the most important feature in a property manager for you. 

The property has been well maintained and features a newly installed roof and HVAC system.

It also includes the D4D feature which is another $40 with resimpli.