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.

You can easily do this on a spreadsheet and it will take less time to track than find and learn a new software.

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.

Let the experts handle it, you are going to run into sensitive situations and will stumble upon a professional tenant who knows how to sabotage a landlord. 

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.