The house is a simple two bed one bath with a garage and a fenced in backyard.

What guarantees they'll be made whole in simple terms? 

Create a simple spreadsheet or written list to compare the features of each and identify the ones that align with your requirements.

Let's keep this as simple as possible....Ex 1: 3 single-family rentals, value $300-400 each.

You can usually find some events by doing a simple google search.

My book on Turnkey Real Estate Investing - Simple Concepts to Overcome Analysis Paralysis and Acquire Your First Rental Property in 29 Days (this title is a work in progress) should be released before the end of October.

We like the KISS method (keep it simple & for the stupid)

It's a simple concept and is very easy to understand.

The house is a simple two bed one bath with a garage and a fenced in backyard.

My simple math suggests that you probably have to shell out $600k in cash (25% down + furnishing, travel, and make ready costs) for the privilege of losing $1,000-$5,000 per month.