Additionally, in my market, a lot of these properties are located in areas where price-to-rent ratios are extremely favorable.

I have a long term rental where I had to put in a clause that I would fine for open windows in winter.

My vote is invest in other markets where the money makes sense and then take that profit to visit whenever you like. 

Where is the best place that everyone is sourcing their overhead doors from?

Marty Boardman has classes where he teaches how to do pre-foreclosures and foreclosures.

With some of the new properties they find they are getting great interest rate buydowns from builders. with equity of 1.2M you have many options on where to move. 

I really believe that we live in a time where all the information you need to do just about anything is available for free online.

We don't get a lot of snow in NJ these days, we've gone seasons recently where I never broke out my snowblower for where I live!

I recognize there are other ways I could invest this cash (including another property) but I am being mindful of levering myself out too much in the current environment where job losses are more common in my industry (tech).

I don't necessarily need the standard features of pm software, such as rent collection, bookkeeping and maintenance requests, though that could help; but do need a clearinghouse of important information, such as leases, legal docs and other information; maintenance vendors I use; maintenance history; and some kind of tracking system, where I can record the various current projects I'm working on within the business.