I read several articles about it on BP, but I haven't come across any real-life horror stories.

A classic quote I read in a finance book was, "If you take the risk out of life, you take the opportunity out of life." 

I am at a turning-point in my life where i'm still living at home so my expenses are minimal, my credit score is at 800+, my salary is in the 105-110k range (still work at my day job), and I have an extremely low debt to income ratio.

A tenant will make your life hard if they don't want you in there, and they are in process of moving, so it doesn't look that great, anyway. 

As now a seasoned investor, it is always a great feeling to look back on that first "homerun" investment property, or noteable one that managed to add value to your life. 

You have been a great inspiration for me to work on making changes to better my life through real estate investing.I don’t know if you read the forums or how I could reach you but I have a large multi family deal I have came across after running numbers on properties for a month or so.

Don’t hire a property manager until you have you nailed down your own management style.

I will be careful with safety as one lawsuit from your tenant will wipe out your life savings and equity.

It can make life and business a lot easier, and more profitable for real estate agents, investors, and the companies they work for.

This method would not require monthly payments which is a big benefit in managing cash flow over the life of the debt.