(I know what most people are thinking, not the most ideal degree to hold when getting into this business, but alas here we are haha) I am eagerly trying to break free from the whole "living paycheck to paycheck working for the man" type of lifestyle.

Don't forget the basics, buy property for less than what it's worth, not just because you are getting just a little money down.In negotiations, break everything down into pieces.

If an aggressive dog breaks through that fence it might bite somebody in the backyard.Just my 2 Cents.

Nice one mate,After man years in the business, I can comfortably say that no matter how good a deal or area is.Property management will make or break an investment.Even crap properties in crap areas, if PM is top notch.They can make the numbers work

Thirdly, a huge tax break (check with CPA). 

I don't think it is smart to tie up all your equity in one property so that way you can break eve. .

The guest slips on the water and falls breaking his/her arm.Thank you in advance and I apologize if I am asking a silly question. 

This breaks down to a couple of basic issues with buying property remotely.1.

Also stay away from couples, what happens when they break up?

Our tenants break our machines so often that we need to charge per use, but I would really prefer not to deal with coins and cash.