Getting a property solely for investing purpose (without living in it first) is completely new to me and seems costly at this time.So I am here to ask for some ideas on how I can start out with this.

So excited for this!!

Thanks everyone for your input, this is all new to me just starting to investigate this market. 

Understood that some of the stuff on the listing is their proprietary information but this results in us losing all the reviews. 

I feel this is adequate and hope there are not any hiccups past this.

This amount aligns closely with your rental income after expenses, so you’d be cash-flow neutral or slightly positive.At the end of the five-year term, you could aim for a balloon payment based on the property’s future value, which should appreciate by around 4% annually.

And that should be test #1, because if there experienced in this you will not be the first asking such so there reply should feel as though they've answered this 100x before, right. 

Glad to have you as a part of this awesome community, Alyssa! 

Hope this helps!

Looking into this myself.