Of course tenants can lose their job and unexpected life events happen even we we did our job right.Property management fees vary from low flat fee to 10%.  

Low taxes great place for newbies to start.

Low priced homes in small populated zip codes.

Martin is speaking on a great topic :-) Andrew, I've heard a lot of great things about David's meetups, so driving up from San Francisco to share about a low-capital way to get into the market.

Other notes: my strategy has been to front-load my capital expenditures such that my SFH's are "new" when I am done - roofs, HVAC, etc - so that my capex line items stay low down the road.

If you want to hold for a while take a look at the cities light rail and the future plans.  

@Shelby Williams I imagine your student loans are at a very low interest rate.

This also came to light after we just upgraded the entire Circuit Breaker Box.

I spoke with the head of Cobb County,  and was told I had a choice to zone back to R-20 or LRO (Low Rise Office).

If you lose out on a months rent it makes other low maintenance flooring much more competative.