This probably sounds a little like wholesaling or being a Realtor, and it is.If you don't want to spend $1,000's to build this out and take on the associated tasks, there are other, more cost effective, options.I'd recommend looking for potential deals via free (or low-cost sources) i.e. local meetups/networking, Courts (probate & lis pendens lists), Realtors, Wholesalers, properties for sale online (especially those with 90+ days on market), etc.All the best!

@Doronda PlacideJoin local real estate investor associations in your area and check Facebook for local meet-ups so you can network with investor-friendly agents or even wholesalers in your market that find deals

FHA loans are good, but all loans have costs associated with closing them.

In our market, you can self manage, with all the associated work, and out perform the LTR income.  

A great way to start is by attending RE events and joining a local investors association.

Make sure to come by @Kim Tucker's Real Estate Investor Association: https://marei.org/ It's a great place for networking and learning more about investing

A great way to start is by attending RE events and joining a local investors association.

Lori Hawkins and her husband Stewart are realtor and broker professionals on the team of Smith and Associates Real Estate Services handling the residential and land listings for Madison County with focus in Huntsville / Hindsville areas.

What I mean is, if you are thinking $50,000 down, plus closing cost, plus fix up cost, plus time on market to get rented as your foot in the door cost to get up and going- you might want to add an extra line item for additional time and additional costs associated with this type of scenario.

REI Central, CHS Circle, and the Tri-County Investor's Association are a few of them.