is it needed if I am buying my first rental property?

I figure if I start out with a low maintenance property, I can lower the learning curve and decrease the stress of managing a business and rental property myself to allow me time to figure things out as I go along. 

. - Of course, this assumes you are managing the property with free labor. 

I will be inspecting the property (tour) tomorrow at 10 am What made you interested in investing in this type of deal?

There isn't a lease on the property yet but I'm sure there would be quickly because everything is new including all new plumbing, electrical and HVAC.

Do you have other things you can recommend in terms of foreclosure properties?

The other good news is you ca use the rents of the other units as income to qualify so you can essentially qualify for a higher home price.That sets up your next investment property as you move out its now a 2-4 unit with multiple doors bringing in more income. 

While 80% of these deals will most likely be terrible, you should be able to find a couple worth walking or offering up on.The third method, which requires some time and effort, involves learning how to pull property addresses, names, and numbers.

@Connor Cogdill It will depend on the lender and their appraisal of the property.

I'm looking to get coverage for rental properties.