., the backyard, the parking, etc.), then I would recommend that you try and work out the logistics before you bring in a tenant.

Don’t be afraid to leave your back yard if your market is to expensive.  

I will be renting the basement and I am also turning the garage into a living space with private entrance and a small backyard, a little apartment we could say.

The property manager is your one-stop source for the local information you need, such as:Tenant and landlord regulations including time and cost to evictBest rental areas for a given tenant pool.Rental trends.Best tenant pools for reliable income.

Also - true private lenders won't lend in several states, we generally are hyper local and lend either in our own backyard or in a market we know well in another part of the country.

Many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.

Keep in mind however that you may need to purchase assets not located in "your backyard" as Texas notes are far and few and usually much higher priced. 

I just got in and see that you can choose from a pool, very limited, but I guess, it is OK.

You should not rush a tenant in before doing the proper checks and narrowing down your search to a pool of candidates.

In other words, the EXACT buyer pool that is waiting for a home in that price range, and the listing is sent right to their inbox.