I would advise finding an investor friendly realtor when you choose a market.

Getting a mother-in-low to co-sign is not the answer.

@Bonnie Low this is great info and exactly what I was looking for.

Quote from @Patricia Steiner: There are several lenders who offer low/no closing cost options for first time homebuyers.

The median home price is also very low nationwide which creates a low barrier to entry.

That seem like a very low for a furnished rental.   

This means that if you pay off the loan too early, then you'll pay a 1-5% fee off the loan amount. paying off the loan early means you either refinance or you sell the property, both would trigger a prepayment penalty to the lender. that being said, you can choose your prepay options, 5yr usually giving you a better interest rate by like a 0.25%, 3yr being most common and standard, and a 0,1,2 yr where you can buy down the prepay to be less years. meaning you pay 1% upfront of the loan amount to get a 1yr prepayment penalty so you're free to sell the property or refi after 1yr. 

Quote from @Michael Daniel: @Jaycee Greene these are low income areas however there's a lil room for rent increase but not much. 

There are more listings to choose from now than any other time in nearly a decade.

I was thinking of starting a rent increase for my 1 bedroom tenant voucher due it being low and well under fair market value(Based on  hud and zip code) but my tenant is in the process of having a caretaker for her disability and getting approved for a two bedroom voucher.