Personal finance, Real Estate Investing, these are vast worlds with many viable routes leading to financial freedom and many pitfalls to avoid. 

Keep in mind the vast majority of tenants are irresponsible.I personally would never invest in a SFH as a rental however providing you are prepared to leverage 80% and reinvest the profits this property for the time being is a worth while keeper for you.Tenants will beat the h*ll out of it so decide if it is long term and you don't care or sell in a couple of years before there is too much reno work to be completed prior to selling.

Here's a little backstory 1 yr and some couple of months ago, I was at the Joint Base Lewis–McChord library in Washington State.

The vast majority of the distribution was tax free last year.  

Having knowledgeable people helping you will vastly increase your chances of success.  

There was a vast amount of Novice Investors asking to join, but no one is coordinating it.Don't expect busy Experienced Investors to put in their time to do this kind of coordination.

How I do it is through selective screening and I have been 100% successful.By instituting certain screening standards it will naturally eliminate the vast majority of non target applicants.For example young couples with children will generally have lower credit scores. 

I'll have to look in my library.

@Russell Brazil yes I have won one specific performance suit.. but vastly different set of circumstances.the seller was losing the property and needed 40k to cure the tax ( property tax) default or they were going to lose it .In Oregon its the only state I personally know were property lost for non payment of property tax's escheats to the state.. no public auction no overage no right of redemption other than the county commissioners can over turn it down the road.. that all said there was no time to do a formal escrow so I did a Purchase and sale contract.. gave the seller 5k of non refundable EM and handed it to her.. 

The vast majority of agents quit within two years because they can't handle the stress or make enough money.