My recommendation would be to choose potential markets - in several price points - that have strong rental demand and year-over-year rent increases and that also are in markets that are appreciating. 

Does this structure make sense for investors, or would you recommend different terms to make it more appealing?

Has anybody recommendations of cheap markets to buy rentals where we a young couple could peotentially live in vicinity to a good job market/bigger city? 

Pool heaters are expensive but necessary Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

What has your CPA / Financial advisor recommended?

Here's some online software options that you commonly see recommended on BiggerPockets.

Years later it was revealed that the guru had never disclosed the fact that he was getting kickbacks from the recommended lenders, brokers, maintenance contractors and others he insisted the program participants use.  

Expanding your portfolio, streamlining tenant management, diversifying income streams, building a network, and planning for growth are also recommended.

Does anyone have any recommendations? 

For example, a property in San Diego may lose $500 per month ($6,000 per year) but gain $60,000 per year in value, making it worthwhile to "lose" money each month in exchange for long-term gains.I recommend you start with BiggerPockets Ultimate Beginners Guide (free).