Also probably ~8% of rents for repairs capex depending on the age of the property and about 5% for vacancy depending on the area. 

I’d focus on well paid professionals, which will probably be the only group of people that will be able to afford the rent.

I probably check it out because it’s close by.

Only way we can probably get in another property this soon would be if we had a child( the need for more room) or the property Is real close to my job which from what I’m told by some lenders would be a good enough reason for the underwriter.

If you can lease it quickly, you know the market, you know how to get to restaurant decision makers locally, then it may make sense to do it yourself; however, if the leasing function cuts into your time for your primary job, then probably makes sense to outsource it. 

@SteveR, This probably all got worked out but you should have both surveyed and the neighbors quit claim the disputed parcel to you.

My plan is to get the properties in my name this way and then quick claim deed them over to a LLC although I know that I probably wont be able to do that.2.

Office vacancy for San Diego as a whole is around 9%, but I would be concerned about the age of the asset (probably some deferred maintenance to consider even though it's well maintained) and that its off the beaten path in Poway. 

It probably won't be your perfect investment, but you won't know it unless you take action.

I guess it’s so new that probably very few have exercised this option