But there are some challenges; notably it's easy to rehab out all your equity and it can be hard to find contractors/vendors sometimes.Also, a small town can be particularly vulnerable if it's reliant on one major company if that company leaves.

I work in tech, at a software company however have a real estate bug.

@Soumya Brijesh, I own a property management company in the Rio Grande Valley and can assist with any PM needs you might have. 

Audit Protection: Reputable DIY software adheres to IRS guidelines, providing assurance against audits.

If its done by a reputable company it should be sufficient.

You are dealing with professional property management companies.

I suspect you can also hire a management company and rent it out as well.

I own a property management company in the Rio Grande Valley and can assist with any PM needs you might have.

Also, your reputation will take a hit with the listing broker if you need to back out.Best approach is to "raise" money first.

I have reached out to credit unions, "quick" close FHA companies and I am waiting to hear back.