The early portion of my career was buying turnkey rentals, like the one you described. 

For me I would not buy a property with zero or negative numbers. 

If you had 150k you could buy one 400k property with 8k property taxes that rents for 2500/mo or you could buy two 200k properties with say 3k property taxes per month each renting for 1800.

I generally agree that buying SFH as first investment is an easy way to test the waters; however, if you’re set on REI I suggest buying a duplex or quad.

This acronym stands for Buy, Rehab, Rent, Refinance, and Repeat.

.- It's not profitable for them to search for under-market priced houses, figure out repairs needed or what other problem is pushing the price down and do even more for a newbie investor that has analysis-paralysis and may never buy anything.Some questions you'll want to share the answers to with any agent you choose:1) Are you paying cash or getting a mortgage?

Investment Info:Single-family residence buy & hold investment in Valdosta.

Buying My First RentalI was 24, being mentored by Dave for two years and I was ready to jump into real estate investing for myself.

Investment Info:Single-family residence buy & hold investment in Oceanville.

I would recommend you look for a good neighborhood to buy a multi family in.