Is this a good opportunity for my first rental?

[Matthew Parkhurst]

Looking for my first rental property. Found one in Augusta, GA. Seller financed. $2k down, $300 a month. Thinking of putting in a couple thousand and renting it out for $500 to get my feet wet. 10% towards property management as I am in AZ. Would fly in to do all the work. I am 19 and just got my first auto loan a few months ago so do not have enough established credit to get a mortgage. 

Would this be wise?

https://www.zillow.com/homedetails/1638-Douglas-St...

Any opinions or tips appreciated! 

[Brad L.]

The listing mentions $310/month plus taxes and insurance, so I don't believe renting it for $500.00 would cover even just your payment plus taxes and insurance. This also doesn't take into account CapEx, repairs and vacancy. Take a look at the Rental Property Calculator under the Tools section when you have some time.

I'm sure you're eager to get your feet wet, but sometimes your best investments are the ones you don't make (I'm sure this is a quote from somewhere but can't remember where). Keep saving your money, continue educating yourself, and run the numbers on every property you see to get familiar with what you can afford and at what prices you'll be profitable. For example, I know that in my area I need to purchase a 3-bedroom SFH for $xx.xx if I want to cash flow $xx.xx while charging $xx.xx per month in rent. It saves me a lot of time by immediately knowing I can skip over properties priced way out of that range.