Good Morning all =), I am a newbie when it comes to Real Estate Investing.

I will partake in all the things, but only when I know what the rest of my day requires and if I need to be up early in the morning. 

The determining factor for maximum benefit to you is whether the plan aligns with your situation and goals.   

How quickly you find tenants will depend on multiple factors; how nice is your place, how nice is the area, and the time of the year.

@Brysen Kelly Good morning, and congratulations on not waiting around until you are "ready" It's a mistake that I see too often.

Pros - My PM is fair and honest, makes reasonable decisions, is a decent handyman, builds valuable relationships, is easy to contact, is very cost effective, strong and handsome.Cons - My PM tends to read the news and drink coffee too long in the mornings, takes too long for lunch, randomly stops working in the afternoon, will spend 8 hours working on something that takes a professional two hours, drives a crappy Ford Ranger and buys work clothes at Goodwill and is neither strong nor handsome.

So, the land very well could be worth not much at all depending on some of those factors.

If you are a heavy walker, close doors hard, listen to loud TV/music, or like to do burpees early in the morning, the tenant below will complain.

The attorney from the title insurance company will be reaching out to me this morning.

It's great to hear that I'm thinking about this the same way.I was talking with my PM this morning and he even mentioned that they will often require a 1.5-2 month security deposit on the lower priced rentals (based on tenant credit and financial background).