Some great information here and totally agree with it .

Assuming property taxes + insurance added don't go above $1,100 total, you could maybe make this work. 

We were getting a total of $2,700 per month for both of those renters combined.When my wife and I moved out of the house, our first 2 years of owning it we were bleeding money on the home.

With some more math, you’ll see that the extra amount in dollars is not that much compared to the total amount of interest paid.

To meet this requirement, you must spend at least 750 hours per year actively participating in real estate activities, such as property management, development, or acquisitions, and these activities must constitute more than half of your total working hours for the year.

@Kathie Mata well obviously we don't agree.  

Investment: $200K; ROI: 26.29%/year; 10-year equity: $1.1M; Total cash return: $1.2M. 10-year equity multiple: 8x on $200K investment.

Obviously the end goal is to build my own real estate portfolio, but gotta learn to walk before running and crawling before walking.

I obviously had not educated myself well before diving in. 

I’ve spent less than 150k total out of pocket investing in RE in the last 9 years and have been buying “base hits” in Dallas and Arkansas and now have 29 SFR.