Maybe, you can aim for a property with less of a down-payment and little equity used, should be easily manageable with the both of you.

That profit margin is so small and could easily be wiped out with holding costs. 

I was fortunate to find a good realtor, so easily..Just be upfront, find a seasoned vet, and let him know that you need him to make HIM money...

I also agree that comps can easily be manipulated to show erroneous values.

The only other thing is if it's feasible I see roof mount units having very little problems with theft.

So my analysis is $130k*70%-$10.5=$80.5, which is the offer I submitted.The house will be qualified as rental investment as well, since the rental can easily be $1.5k/month.

@Ryan Hall 1031 exchanges are great until they are not...The concept is great and it works wonderfully in a buyers market where you can find your next deal easily w/o too much competition and if the sale of your property doesn't go through you can negotiate an extension w/o penalty with the seller of your next property. 

If its your first property pick an area you can easily drive to, atleast till you know what your looking at. 

add battery operators cams like they use for deer hunting around the property there camo so hard to find them u can mount to trees or any where some are rechargeable from sun solar 

I recommend everyone start local self managed for the learning opportunities, leverage existing location knowledge, and capability to more easily manage any issues that arise.