I am now in the process of filing my 2014 return and due to the limited number of months that I rented the property (November/December), the number of deductions that I am able to take from the home purchase and a few repairs that I did prior to move in, my rental income is showing as -$3300 for 2014.

@Brian Burke Added some rate limiting for the background tasks of the chat.

Someone recommended a limited durable power of attorney to speak with the "tenants".

There is a limitation to the number of reals you can do per year.  

Am I limiting myself by thinking I should focus on the area where I reside?

These are including (but not limited to):Exterminator / Pest control: $37 monthlyWater softener maintenance: $10-35 monthlySeptic waste removal: $250 every other year.There are a couple other minor expenses, but none that would affect my bottom line.

You could also look at a Limited Liability Partnership.

Josh here from Atlanta, I am by no means an expert, but in my limited experience, here is what I have learned:Hopeful FSBO sellers are the same as 'off-market' properties.

. #1 Don't limit your search to just 2 companies.

Those that charge $400 for the SD rent their units faster and tend to end up chasing tenants for damages/lost rent through the court system.Be aware that there laws related to security deposits and in some states here there are limits on the amount of security deposit a landlord can collect.