If you're willing and able, I do recommend the "house hacking" strategy which is just a fancy name for buying a rental property and living in one of the units, because you'll get very favorable financing - an owner-occupied fixed-rate 30-year mortgage.I'd also say, analyze that property as if you won't live there and it's a pure rental, and make sure the property is still cash flow positive if there's a tenant in your unit because then you'll know if it's actually a good investment.And when you analyze it, include payment of a property manager in your #s because if you don't, and doing so would make it go cash flow negative, then you've just bought yourself a job because you literally can't step away from managing it without losing money.

@Basit Siddiqi Have you considered getting an assistant to manage all of those things rather than a property manager.  

Self-managing is definitely the way to go!

I have 3 homes managed by a property manager.

I’ve been in the industry for several years, and my work has given me a solid understanding of property systems, maintenance, and what makes a home a great investment.I’m now looking to expand my own real estate journey by learning how to acquire and manage short-term and long-term rental properties.

Some places (including my own market) require an out of area owner to use a local property manager.

Managing a rental property can be challenging, especially if it’s your first experience.

Set your investment criteria, systems, and rules—and stick to them.2.Tenant management is all about structure.

I've always wondered if I could transfer to construction management.

As you progress your bookkeeping business, you'll likely want to learn how to export statements from a variety of property management platforms, as investor books are housed in bank accounts, spreadsheets, and a variety of property management and accounting software!