You also need to be in contact with a Realtor who can dig deep into the areas and numbers for you.For example, Buckeye is a very large geographic city.

By buying at a deep discount we have over $16,000 in equity on day one. 

Then dive in.  

I'm now ready to dive back in....correctly. 

(Long time home owner but this would be my first rental so I'm on the edge of the diving board, looking down into that deep dark pool.) 

Any details you can dive into as to what exactly your looking for at the courts?

The property prices are lower compared to other markets, and the rental demand in certain neighborhoods can be pretty strong.Of course, it's always good to dive into specifics about the areas you’re considering within Memphis.

The building has been on the market almost a year and is probably still a bit 'overpriced', although I have yet to do a comp deep-dive with my agent (soon!).

Quote from @Andrina Maximin: I finally want to dive into put my training wheels to the test, I'm looking into investing in Ohio, and would like to know has anyone used a DSCR loan? 

Some people do extremely well with section 8 but if you are diving head first into it, you may want to start with a traditional rental first to get a feel for it.