@Kathy Diamond as others have mentioned Memphis and other midwest locations are ideal for the 1% rule.

@Laura Williams that is a great question and I failed to mention it.

You will note there is no mention above about being a good communicator. 

@Rick Pozos  I'm the poster you mentioned.

Every system you try will have flaws, or you may salivate over a feature that appears in other software.Some familiar names are mentioned frequently: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend conducting thorough research on each app online to understand their offerings, pricing, etc.

@Robert Portal thank you for the mention of Rent To Retirement. 

The key is establishing strong systems and processes.As mentioned earlier (KISS—Keep It Simple, Stupid), there's no need to overcomplicate things.

-your first few years after a purchase are typically a stabilization period, and you IN-vesting your money into the property. think about how long it will take to recoup all the costs i just mentioned.

As Nick mentioned, Airdna would be helpful here.Mexico may be the exception. 

As mentioned in the other post, deciding what your true goal is as well will help you choose a market.