Newbie question about rental property

[Elon Matias]

Hello guys, I am interested in having rental properties. I am looking at a property on 11 Sally Ann place in Virginia. I was looking to get it at 70000. It is 2 bed 1.5 baths and rents for about 800 to 850 a month. I plan to live in it and first and eventually turn it into a rental and repeat the process. Does that sound like a decent investment? Are there other things I need to look at? I am completely new to this process and want to make sure I do it right.