You can visit the link below for some insight.

I visited a couple banks today, yes 20-25 is required down and lending $35,000-38,000 is not an issue. 

It takes away from having to decide based on just a feeling.If you are concerned about getting a filthy resident you can always do a home visit before accepting them.

I intend to begin visiting various banks and credit unions in the area to look into traditional lending numbers and begin to line-up financing.

In fact, I offered 10k over asking on one of them, close within 20 days, all cash, stated I visited the property, only to find out later it sold at list price to an owner-occupier.

As stated in my original post, I don't even know if its possible.I visited the krec website before searching the forum here.  

The ideal situation for me is to start in his market because that's an area i visit anyway few times a year and starting with a multi family apartment complex there won't be that bad.

It's a lot of stress dealing with them but perhaps an idea is for me to take a few weeks off, visit them in Orlando, and get a sense of the potential in the area for investing.  

I then went and visited them and did an initial survey of the area with them.  

You could visit it once per quarter.If the rent is sustainable for you to hold on to the property, you might want to keep it as a rental.On the other hand if you don't have the wherewithal to manage it remotely, then, hang up and move on.Ironically enough, one day you might reflect on that podcast and say if you had only adhered to it :-)The bottom line is that there is no wrong or right answer to your question.