How much money can you afford to lose? 

Hi Jasmine-Congratulations on being ready to turn your primary residence into a rental.Your question is should you use a property manager or self-manage your property.If there is enough positive cashflow or you can afford to pay a property manager, I always recommend doing so for the following reasons:1.

If you like impacting the nation by providing affordable housing you can really put people in houses here.

Quote from @Paul T.: Thanks to OP for this post!

@Sherry T.

God forbid something happens and I either can't get rid of a tenant or can't find one, I would barely even be able to afford the mortgage

Many successful investors started small, such as with house hacking or buying affordable properties to rent out.

@Amir PortalFort Worth (Southside): Affordable entry points with growing rental demand due to development and school proximity.Arlington: A solid mix of price points and strong rental potential, especially near UT Arlington or entertainment districts.Focus on areas with rising population growth, job opportunities, and low vacancy rates.

Quote from @Aaron T.: Quote from @Caleb Christopher: I use OnePoint Lending as the servicer for our seller finance and wraparound deals (www.onepointlending.com).

Do you have any idea of the price point you can afford and are you looking for turn-key properties or something along the lines of a "fixer upper"?