Buy it and save yourself the trouble of reinventing the wheel.When it comes to property managers, remember that cheaper doesn't mean you'll make more money.You can start by going to www.narpm.org to search their directory of managers.

And, of course, neither of these investments produces cash flow, nor can it be easily leveraged like real estate.I do agree with the sentiment that taking these too far does get one into doomsday prepper-land.

Is there property management software that one can use that will not get you in trouble.

I realize I am just small time and I have a very short track record, (just buying SFH this past year) but I would think if I am too small for the top producers maybe they could refer me to a newer agent who is trying to get a start too.

I think your right, there isnt to many properties around here that would produce the same cash flow.

What are the chances they will catch me I was told I could get in trouble for doing this.

It's been trouble free.

Depending on the loan program, the bank may count part of any potential rental income.If you run into trouble, it may be worth considering a commercial loan.

I asked if they've stayed out of trouble. 

A lot of landlords get into trouble by ignoring problems.