Check out the nearby members and network https://www.biggerpockets.com/meet, it will help you a lot to find partners that can help you out in investing.

It's like that.I suppose I have a lot to learn, and maybe some knee scrapes to obtain along the way, but fundamentally I think my idea will work.

One thing to note is this is a few hours away from me and I am still working on establishing my support network in the area (maintenance calls, turn-over prep, showings, etc.) - so showing-up to do a bunch of showings is less than ideal. 

They're establishing themselves as the expert to a large group of sometimes desperate people, and when one of their "students" has a grandmother or uncle who needs to sell a house fast for cash, who do you think they turn to?

If this will be your first one I suggest finding someone to work with that already has established relationships with HML's and in turn better rates.Gary

HUD only pays a portion and the monthly rental rate is established by HUD guidelines.

They also look for a good credit score ... so even if you prefer cash I'd get a credit card and pay it off in full every month to establish good credit history (and reap some good cash back or bonus point type rewards).

A lot to it to discuss. 1.

Check out the nearby members and network https://www.biggerpockets.com/meet, it will help you a lot to find partners that can help you out in investing.

For instance I have multiple 3br/2ba homes in the same area, but some have a garage so I add typically an extra $75 to that rental and others have a finished basement so I might add $50 to those monthly rentals.   2.  2-3 hrs might be a lot to manage yourself.