Credit score- the higher the best. 760-780+ generally gets best pricing for investment property loans with most lenders.

You are correct; it would be awkward having two different parties staying on the property. 

I'll try a different company with have another property.

Buying a turn key rental, in an area you know or knew well, with a property manager you've met and trust, in an area that is large enough for you to have other options to find contractors and property managers? 

-------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Easier to do without a property manager Cons1.

Insurance- personal property.  

@Eric L Conry you are essentially borrowing on your property to buy stocks.

They exist but they are mostly for commercial properties.  

I've been reading and looking up videos and I'm just not confident yet to pull the trigger on a property.