HI Hernan,You can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.

The property is 45 minutes from where I live in a town that is growing and am very familiar with so I plan on doing most of the management work. 

I'm biased since I live in Cobb County, but markets such as Acworth, Kennesaw, and Cartersville could be options for you to explore.Furthermore, so you're aware, acquiring a fix-n-flip deal on-market is going to be difficult.

My end goal is simple- to have freedom in life and not have to worry about money and to be able to live a life I WANT to live.Thanks in advance!

Some areas needed new subfloor, new carpet in living room and master bedroom.

These areas seem affordable compared to where I live in dfw.

I currently live in Toronto, so I don’t believe house hacking would be possible, but I am aware of that strategy  

I still live at home as of right now.

Best part I live in FL, All the best 

New buyers who figure they can suck cash flow out of a property to live on creating a house of cards is a potential Ponzi and if unsuspecting and unsophisticated sellers are involved and a little fraud happens then where is the line?