I am looking for insight to the mind of an active real estate investor, someone who has used this method and has a pros and cons list, or maybe a couple tips of things they wish they would have paid more attention to the first time around. ( I understand that the CARES act is knew so their wont be any specific examples from this, but perhaps similar experiences to share)Thanks for the help!

Nothing will go against your dti since you wont be carrying any debt

An business acquaintance is suffering through this right now and the consequences of the decision are going to be significant. 

But I know that $10k wont do much here.

property manager is not the answer. eventually if the tenant is not paying the property manager wont make them. the issue will come back to the property owner. being a small time property owner I prefer not to have any property manager.

I will be repeating this with a new property every year so it wont be a one time event.

Hello BP community! I'm looking to buy my first investment rental and I came across what I think is a great deal in Jacksonville, Florida. The concern is buying a house during COVID where there is a chance the renter ...

i am going on the assumption that you wont be able to personally work on any property until you are retired, so multi family might be a good option.  

You're off to a great start.You would be surprised how many people suffer from analysis paralysis when investing for their future and don't even start. 

Wont make money right away.