Any additional tips for beginners like me would be greatly appreciated!

The tenant pool is pretty decent in most areas for nice rentals as rates have pushed up smaller buys too high for first-time buyers in some of the towns.

I'm excited to hear about your experiences and any tips you might have on this topic.Let's continue sharing and learning together!

My house is about 3500sqft, 4/5 bedroom, 3.5 bathroom, and a large swimming pool in the backyard.

I am open to any suggestions, mentoring opportunities and advice/tips you may have.

Quote from @Dustin Poole: Hi Everyone! 

I have people who I have done deals with ask me for this, so we can pool our money.

I know it sounds counterintuitive but you may be able to increase the value and get a better pool of tenants if it shows better.

I am not sure how you are intending to manage, but beware the local labor pool is not the greatest and I think you may have some issues finding either decent management or finding decent workers if you intend to self manage. 

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.