You can cheat/gamble when you've got the cash and experience and still want to, but I wouldn't recommend it on your first one. 

I'd much rather invest for a 1% rule with the help of people I know and trust. 2% rule is not worth the gamble, if you don't have a team.

Most of the HOA bids I see, where the mortgage foreclosure has not started, or recently started, equal 1 1/2 to 2 years of rent....doesn't seem to be a good gamble.

It's considered an invasive species in some areas, but in our drier climate it is aggressive enough to win out over weeds without being uncontrollable.

This is a very important piece in itself, that you would have to gamble on.

At best it is a business you actively work and at worst it is gambling.

Up until that time, it can be a series of gambles or an expense depending on the demand for housing and your screening criteria.

I've been thinking about contacting an attorney on this, but it's a gamble.

. :( Each is a gamble..

It is always better to hire GC with insurance and pay a little more than take the gamble because you might have a pro tenant who might step on a nail in a piece of wood the GC laid down and the GC has no insurance guess who they will go after.