Be smart, some are good most are a waste of your money.  

The reason why that is suggested by many on the surface seems logical, but it isn't smart...at least for some (many) markets.The reasons why many suggest to invest where you live is because you should know that area well...because you live there. 

We just need to be smart in how we invest (at any point in the cycle).

Being someone who has always compartmentalize my finances I was wondering if it was smart to pretend I was my own renter and pay myself monthly into a reserve, mainly the CapEx and Repairs percentage that I would apply to an investment property.

@Lily Styler I agree with @Diana Muresan thats a smart call, but also network at your local MF meetups and events and ask the same question get references.

It can also be expensive.I use Smart Property Systems which is property management software. 

Take smart, prudent action instead.

I will let them, nothing wrong with it as long you approve where it is installed and they pay for everything from the device to annual fees.

I agree.To add to this, think about how much knowledge you can accumulate if you can lose money on as many deals as possible in the beginning.Driving without a license isn't smart.

Might be smart to head to HUD yourself and let them know what's going on.