It would be an added bonus if you're handy and can fix up.

Gary Clisele Also if your buying a note for $5k the quality of the asset will be very poor and is most likely a property in a D area that needs extensive repairs -If you end up taking the property back it will probably be a loser since the rehab will be higher than the property is worth

In my opinion it's extremely lean—clean interface, not bloated with any features that feel unnecessary/extra.

Lease states, third party checks will not be accepted a d tenant acknowledged this by email before he signed the lease that all future payments would be in his name.

Buuuuuuuuuuut many investors get greedy & try to buy the cheapest possible homes in the cheapest markets in the country in an effort to get more "cash flow" I've seen investors pass up awesome opportunities to buy high risk stuff because they would "cash flow" an extra $50 per month.....................$50 per month?

The formula is simple and is as follows, 75% of gross rent - PITI = net rental income.If net rental income is positive its added to your total income and improves your purchasing power.If net rental income is negative then its considered a liability similar to a credit card or a car loan that you gotta qualify for.Some banks have "overlays," or additional requirements they place on top of borrowers when you have rapid acquisitions of multiple properties but by no means is 2 properties in one year considered "rapid," by most lenders, however 3-5 would be its an underwriter and case by case bank "call," to make. 

Adding a garage makes it more likely the tenant will stay longer.

Investing out of state is definitely a viable option (most of our clients live outside of AL), but just know that you'll need to put in extra legwork during your research and vetting stage. 

@Lauren Speidel thank you for the extra detail.  

If you are adding value in your active portfolio, your returns can be higher than passive investing.