You'll learn quickly, save yourself money and be the most motivated to get the right medium-term rental tenants and the keep it occupied.

Save that cash flow up for your next down payment.  

Building these relationships will save you time, money and headaches down the road.

This saves people a ton of time so they can then make a decision for themselves about the nuanced details of a deal. 

Turning the thermostat down when no one is home wont save any money . 

HUGE savings of time. 

For example, for want of saving x% in tax, you have to spend add'tl time being a landlord and have your funds tied up. 

Saving yourself 2-3% on your down payments can be a nice benefit.

@Leonard Sanford Jr unless the house needs tens of thousands of renovation, usually saving up and using that to renovate is the better answer.

Your profile mentions that you ahve ownership in an LLC - WoodRich Hospitality Services LLC.If it is a multi-member LLC, there may be a separate partnership return required.If it is a services based business, there may be a benefit to operating it as an S-Corp to save on self-employment taxes.