There are a lot of "accidental" landlords (like myself) who bought in 2005-2007 who now have no choice but to rent out their properties, so you are bound to find someone.

I watched him at that job off and on, and really thought he would make a good worker for us. 2 years of of watching didn't help me make a good choice.  

So, if you want 30 year fixed, owning it in your own name is the only choice.

If your lease says no pets, and you are passionate about that clause (appears you are), and you have appropriate penalties in place, I don't see any issue implementing said penalties.You could also look to give them an alternative do they don't feel backed into a corner.

Propertyware is my second choice.

I'm not convinced that you are going to see that soon, @Ben Leybovich , there is a lot of capital still flowing into the multifamily space and the investment alternatives for that capital carry much of the same concerns about interest rate risk and cycle timing. 

I would personally recommend getting a first choice property manager and having a back up one as well.

Any recommendations as to which market is the better choice to buy and rent?

@Roland Cheek remember, with contractors your get your choice of two: quality, speed and cost.

Hi all! With rates low but purchase prices high, and uncertainty in the air, I've had an offer accepted. It is my first attempt to get my foot in the door with buy and hold real estate and I'm not gonna lie I'm scared...