BP,I'm currently screening tenants on my first investment property using TurboTenant.

Then paying someone to be your eyes to the area, repairs, and what it might rent for, that might be a property manager and a contractor.You may find that for the ease of the task, having a property manager or buyers agent to screen your deals and buying directly from a turnkey provider, the easiest as there are way less moving parts to manage and to pay.

Then it is up to you and your screening process. 

We rented out the other side of our duplex and the extra bedroom we had on our side.Make sure you screen your tenant well.

I like how vacancies are less of a concern, we would be able to get the year's premium upfront before the semester starts, and we could have their parents co-sign the lease which would help with screening.

With a SFH if your property manager fails to screen tenants properly or your tenant has something unexpected happen where they can't pay rent you could be going cashflow negative sometimes for years because of one eviction or one unforeseen repair.

Did you screen them? 

@Logan Shefelbine As far as tenant screening goes, I believe you will find the landlord resources tab on BP to be very helpful to you. 

From there, your steps are: search - make offer - get deal under contract - mortgage application/approval - title - schedule closing - final walkthrough - closing - list your rental unit on the market - screen tenants - sign lease.I operate out of NY so things may be slightly different in FL.Best of luck to you moving forward!

Also when you get a bite, screen and show within 12 hours or the likelihood of losing them is great!