I would wager that you could do that in a matter of a year (even with seasoning requirements). 

The gurus will tell you that $100/mo positive is a great deal but it's not when the managers churn tenants to get the 1st month rent fee or something major craps out on the house and you don't have the capital reserves for it - or, worse, like internet dating, the pictures of your property looked awesome but the work was never done!! 

Go ahead, stereotype me, I won't lie, 99% of my news comes from the internet and yes, I probably spend more time on social media than I should.

dont get this kind of advice from the internet.. contact the regulators in your state.. describe what it is your actually going to do and they will let you know whats required.for instance in many states no license required for commerical non owner occ.but that are 10 to 15 states it is required.. so it cost you NO money to check with your state and get the straight scoop.

The internet cannot seem to address this one question.Thanks!

In the internet age, you can get a feel for who you are dealing with unless they curate their online presence.  

This is an old article but lays out kind of the two major ways you can buy out-of-state, and the only reason I share those two different ways is because each offer a different option for how to get the market knowledge-https://www.biggerpockets.com/renewsblog/2012/12/2...For the DIY method, you'll have to figure out how to get it (which I recommend people resources over internet stat resources).

@Don Harris do they have internet or phone access to monthly meetings?

That means rent is $300 for myself, then $50 for electric, $50 for water, $50 sewage, and $50 for internet, then I'm looking at $500 it will cost me, which is what I'm currently paying in rent now.When I move out in a year, I could rent my side out for $500, and they would pay their own utilities.

One covered parking spot, one off-street parking spot (I have no car), dishwasher, washer/dryer, gas and electric, high-speed internet, keyless entry, etc.