You may not have much of a choice though since the loan amount is small and not many lenders will do it.Hope this is helpful.

However, one could look at rental income as passive income, even though you pay a percentage to a property manager, but these types of investors are typically much larger with diversified portfolios. 

Hello BiggerPockets,Before I get to my question, here's my current background.- 30M/27F (Me and my wife)- No kids- No debt (besides vehicles and house)- I make 90k, wife makes 70k- Combined income: 160k- House value: ...

Absolutely not, this is your choice as a landlord. 

I'm usually weary of doing loans w/ larger banks but always looking for new lending partners.I do a lot w/ Synovus in Columbia now and they're underwriting is pretty easy to deal with it.

Of those, doing turnkey in that range, I think your best choice would be Dayton area, at this time. 

Management fees get cheaper the larger the property is.  

personal choice most rentals are bought at or above market.. especially if they are out of state investors.5 to 8 years ago the vendors I funded who sold turnkey would advertise instant equity etc.. and that was generally true vis a vi a rate and term refi..

As your portfolio grows you may want to hire a PM anyways to free you up to continue finding more properties.You have a lot of choices and a lot of studying ahead, but it’s all good stuff!

it is , if you make the minimum  30 yr fixed   payments .....all the more reason to make the larger  15 yr fixed  payment amounts  ( assuming these fit into your budget)