If you're willing to get a distressed property I think overall it's a good idea but it's imperative you have a game plan for vacancy and do your research in the area to make sure you can rent out your place easily.

Others come in here asking basic comments they can google; or have some desire for people to walk them through a perceived get rich element they feel will easily make them a wealthy in a few easy months.

If you want to know your market, you need to study the market yourself.Here's how to analyze properties: https://www.biggerpockets.com/blog/easily-analyzing-rental-p...

Dave Ramsey himself is very wealthy and can easily pay all cash for any real estate investment.

With the level of free cash flow, you can easily be paid back all the money invested in this place, all the while building decent equity.

You can easily list the property yourself on zillow, FB market place and Craigslist.

We have excellent credit and can quite easily qualify for a mortgage.2.

If you live there you can more easily lay down the law.

We do have some investors that mainly buy TK as a means to easily scale & diversify their portfolio across multiple cash flow markets where they don't have their own team established, or don't want to take the time, risk & money it requires to build their own team in a new market! 

Your “overhead” costs to buy & sell the house + holding costs, interest, property taxes etc, luckily these can be pretty easily calculated, many websites like closing companies will have websites where you can fill out information about a property and it will tell you the costs to buy & sell, loan costs are easily calculable, take your purchase multiply by intrest rate divide by 12, that’s your monthly expenses multiply by the number of months you project the to complete, a good rule of thumb is even cosmetic can easily be 6 months anything more complicated can be 9-12 though all that can very greatly.3.