I lived in one side for a year then moved and now both sides are rented out with a property management company. 

Hard Money and DSCR loans for a BRRR project in a medium sized city in Texas

I've done a bunch of research on this company, and found at least one case where they DID NOT scrub data they sold against the Fed DNC list (Do not call list). 

I have a separate, steady full-time job that would allow me to take on the negative cash flow every month.Note: The home is already 100% furnished, so there is no need to buy furniture.Appreciation and Loan Pay-Down:I would offer $550k as the purchase price.

Having a standard W2 job will allow you to get loans easier if you want to start buying investment properties. 

Thus, the cost of doing business requires and demands that the PM company charge more and various fees just to stay in business--never mind making healthy profit. 

Loan Paydown/Equity Growth - Grow equity for "free!"

Should I hire a local PM company for long term to manage the property?

You can acquire one with as little as 5% down now with a Fannie Mae conventional loan ( and maybe even add in dollars to update).

I also have a mortgage (Solano Mortgage) company ready to go for when my tenant/buyers are ready to go get a loan.