Just simple record of properties, manage tenants, collect applications, track payments and expenses, maintenance etc. 

Here is a simple thought experiment. 

I have never invested as a group of investors  all my deals were myself and simple  I appreciate the response

A simple Bi-Weekly with added payments can pay off a mortgage in 10-12 years.This strategy allows you to pay more at your own pace having a failsafe unlike a 15 year where you are obligated to pay more every month.

The simple answer is yes if you were using conventional, it gets complicated if you were to use FHA on your 2nd primary.

In the past, it was simple to say, "time to move on" to these legacy tenants.

As easy as this sounds, it's not simple and usually like pulling teeth.

I know that sounds simple but the question usually comes down to preference and NEED.

As is price point.. this will give you a better long term outcome.if you buy way under median your getting into renter dominated neighborhoods and schools for sure will be bottom ranked.. instead of going East have you considered Vegas.. lowest prop tax's basically in the country. no big weather issues  desert landscape super simple to take care of.. and Stucco homes with tile roofs no big thunder and wind storms to ruin roofs etc etc.. you can buy nice rental house there is a solid B location for about 300k. just worth checking out if you never have..

Not simple or quick, but definitely a real solution.