Everything's metered separately, tankless water heaters, efficient everything, looks great, etc.

This is measure is called Net Operating Income.This is all Income minus All Expenses.So in my analysis it looks something like this:Annual Rent (Monthly rent * 12) – (Taxes, Insurance, Maintenance, Management, and Vacancy Loss) Taxes and Insurance are often firm annual figures.Maintenance, Management are often stated as a percent of Annual rent (In most cases I use 10% and 8% respectively).Vacancy Loss is how to take vacancy into account in NOI.I often will use 5% of annual rent for Vacancy Loss.However NOI is only half the story.Second, one wants to understand how efficiently we are generating this cash flow compared to other investments.

It is efficient, however, do not forget, you are self-insuring the property side.  

Did not seem too bad to me, specially since I saw the potential to build an efficiency once I move there in a year. 

I learned that by building a network of professionals and resources allows the process of REI to be much more efficient.

That's probably the most efficient way to do it.

I currently use them purely for rent collection, but I plan to explore their other services in the near future and see if any of them can be incorporated into my processes to help me run more efficiently. 

Any experience or advice on how to actually do this, follow the law, and be efficient? 

I can think strategically, make better, complicated decisions much faster, and hire fast, efficient law firms or individual attorneys to process our foreclosures.

I would buy a 2 cap all day if we could push it to a 9 cap through renovations and more efficient management.