Thanks a ton,Vidit When they has a discharged bankruptcy they are a safer bet.

Both are totally fine as if the place sucks and someone rents it THAT MEANS it's the best option for that person at that price point.I've bought slums that were renting for $500/m, fixed them up, and leased them for $800. 

If it were just $750 a month, that would be a total loss of $162,000!

@Ryan Blake I totally agree. 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

At the end of the day, consulting with asset protection attorney on your personal situation will be your best bet!

You'll be thinking about that quiet a bit, I bet.  

I am totally new to the investing world.

I don't mind something that needs a little rehab just not a total gut job since I am not in the area. 

Up/down double $57,000 purchase price (hopefully less)PITI = approx $500/mo with 25% down conventional loan$14,250 down + closing costscurrent rents total just over $1200/mo for both - leases in placelandlord currently pays about $200/mo for water/sewer/trashI figure about 10% vacancy and 10% maintenance which leaves me with about $400 monthly cash flowThe two major concerns I have are that it needs a new roof (tear-off) and that it has a funky layout.