Not to mention you are going to be paying your loan for 30 years, where as my loan will likely be paid off in 20-25 years since the original home owner has already paid into that loan for a handful of years.I'm obviously not advocating that you should overpay for anything, I'm simply stating that you could overpay, and still be financially solid. 

I originally got into real estate for the investing aspect of it.

@Michael MattinglyRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

I have done my reading on Out of State Investing and Section 8 rentals (talked to local HUD sites). 

Hello everyone,I'm currently delving into the various financing options available for real estate investments and would love to hear about the experiences and insights of fellow investors.

I’m excited to join this vibrant group as I embark on my journey into real estate investing.

At first I thought he was going to give me a good butt chewing, but it turns out that he is ready to retire from investing and was looking to sell off some of his properties, eight in all, so he and his wife can spend the rest of their days without the hassle of having tenants.

Besides the long investment cycle, you have to know a lot about zoning, development, local politics, irrigation, farming, subsoil conditions, easements, utilities, development costs etc  Don't fall for the idea that just because you bought it at an auction means you've got a deal.The "easiest" land game to get into is to buy buildable infill lots

These investment properties are being built to Indiana residential code and are approved at each stage of development by the city and city permits.

Have you thought about what your particular goals are when it comes to investing in real estate?