@Alexander Baez Parroting what Brie said, you're in the right spot.

This is key, but again, if you DIY PM 1st, you'll learn this very quickly and know how to spot it in a PM you hire.

In addition to my real estate income I work at Sleepys (mattress store) which brings me to about $75,000 per year, but because my job is commission based I need to show 2 years of consistent employment in order for the banks to consider my income which leaves me in a tough spot for a loan.

James is spot on...his last 3 words should be the first 3 words!  

Even if you don't do the work yourself, you'll have a good handle on costs and spotting potential problems.

You are spot on - if you take care of the tenants they will take care of your property. 

At least scrape/sand the rusted and chipping paint spots first.

These can usually spotted because the price is very low compared to other rentals in the area.Apparently enough people fall for this to make it worthwhile for the scammers.

i funded I think 4 deals in Marion we lost money on each and every one of themif your just wholesaling or whatever your doing and just in and out.. should be fine but for long term buy and hold pretty tough spot.. at least it was 7 to 8 years ago when I was active there.  

If one has established relationship with HML one can get loan commitment in a day, in an hour or even on the spot.