I didn't even have $1000 saved at that time and I was really just thinking of going the regular route of going through the banks and just save up as much as I could for a down payment on my first investment home to rent out.

I weigh more on making 3x rent and having great rental history of on time payments with no evictions, no lease violations or violent criminal history.

(August 2022)
Single-family residence buy & hold investment.Current Value Estimate: $410,000

Purchase price: $345,000

Cash invested: $5,000

Pull your tenant-landlord laws for your area and arm yourself with as much education as you can about being a first time landlord. 

Quote from @Aaron Wolman: General question, I am turning over my first rental and I got the charges from my contractor on damage done and I want to see peoples opinion. 

I wasn't planning on going this big for my first investment but the deal, location and potential to value add was too good to not go for it.Thank you! 

It is our full time job (so no other W2 job for us).

I do agree that operating costs (insurance rates) will not go down and may even increase over time.

I just bought my first rental property in Baltimore, MD, and I’m planning to rent it out by the room, including the basement.

@Maxwell Silva - In marketing / advertising, products and services are not expected to be sold the first time a potential customer is exposed to them.