Responses stating even a mediocre rental property deal will outperform REIT's is way off.

Property manager is generally around 10% as well. 

Quote from @Dan Shuder: Not all property managers are equal.

Also would need to know if the property would be owner occupied or an investment property. 

Quote from @Gideon Mukoro: Landlords, property managers, and tenant screeners—how often do you encounter fraudulent income documents (bank statements, paystubs, etc.)?

I have been an investor for over a decade and helping other investors (many OOS) buy and sell investment properties here in the Dallas/Ft.

I would start keeping track of everything that you've had/have to do while owning/acquiring this property.

The issues that most run into though is the property doesn't cash flow enough to support a higher LTV or most lender require a minimum FICO to qualify for the higher LTVs... some lenders have other experience requirements and reserve requirements as well... all depends. 

I wouldn't touch anything outside the urban core. if your strategy is to buy existing and old I'd recommend not to. as a newer investor depending on your liquidity look at build to rent development. building investment properties below market value by 25% and refinancing out of it to do it again. the urban core has tax abatements as well that are 15 years right now you can apply for. that means that taxes will be around $600 to $800 per year. there's cash Flow but the existing inventory market dried up a few years ago in the urban core. local realtors are going to push you to the trash areas like hilltop, south linden, etc because it's the only place numbers work. columbus is great, but remember a tenant who pays $1800 a month is different than a tenant who pays $900 a month. let me know if I can help any other way! 

The reality of investing is often much different than people see on social media - you need the fuel to power your investment properties!