I am looking to purchase in the $2 million range and expect to hire a property manager for the property.  

And if this real estate thing doesn't work out, you'll be out a lot less money.For most folks on BP they really just want access to the MLS, so being a salesperson is quite sufficient.

What type of properties / price range do you like?  

We are currently in the position that we would like to buy land (2-5 acres) and build around the $350-$400k range.

My job is likely in the $20k range and would include significant kitchen and exterior work.Thanks!

Some details of  contracts to ensure that you and your tenants needs are more sufficiently met with snow removal.  

I will definitely look for a mortgage broker that can give me further guidance on NHF's program.We will probably be seeking an FHA loan to put down below the 20% = probably 10% is all we'll be able to afford (assuming 200-300K price range for the property) in order to keep some form of maintenance / repair slush funds available to get started with so we shall see I suppose.  

Depending on your price range there may be very little commission per transaction and from an agent's perspective the time spent looking at properties may not be worth the return.

In the area that I invest, the rent ranges from 850 - 950 for a 1 bedroom and 1000 - 1200 for a 2 bedroom.

You see people craning their necks for 2%, wherein the 1% range is more realistic for most of the country.