Also, SiteLink manages the payments.... you don't need another service, it's built into their system if you choose to add that module. 

So it is squarely a business decision you will have to choose, good luck.

@Folarin Komaiya yes the seller should save about 6% of the purchase price in realtor fees so if you choose not to use a realtor I'd try to get at least 3% off of what similar properties go for. 

South Pasadena is also not developer friendly, and their city planning department is terrible, so just be aware of what you are getting yourself into before you choose to move forward. 

Make sure whatever option you choose that you are using projections that are achievable.  

If I spread it over 30 years again, this would lower my overall mortgage and I would hit positive numbers immediately (especially if I choose to increase rents to market rates as well). 

For this purpose, each interest you have in a rental real estate activity is a separate activity, unless you choose to treat all interests in rental real estate activities as one activity.

I choose this investing method because I have more money than time available right now.

I have been listening to podcasts like Smart Passive Income, Choose FI and just recently started Bigger Pockets. 

Project Planning - This is the first step of your project and consists of you choosing what house you want and what area you want to build in.