Looking to purchase my first rental investment SFR anywhere in US

[Juan C Velez]

I am looking to purchase my first investment property. I have $20k cash to work with and my credit is good. I am guessing my best bet is to look for a SFR in the price range of 70k to 100k and use the 20k as a down payment.

I'm looking to get a property under contract soon (before the end of this month if possible).

At this point I'm just looking to get started so I'm really just looking for a property in a decent neighborhood in state (FL) or out of state (anywhere really) that will cash flow 10% to 12% .

I will be looking to higher a property management company to manage the property. Thanks.