This is my take, avoid single family rentals. To make money, you need to get to apartments, 4 units+. Taxes & Insurance are typically much less per unit than single family homes. You can have multiple vacancies and still make money.
The biggest problem is you get a crappy renter that does not pay and tears up the place. In my market, to rent a house, the payments are probably a little less just to buy it. Alot of the renters are those that can not buy.
Really you will make more money buying foreclosures, fixing them up and flipping them. Watch the area and the schools the property is in.
Originally posted by heinous: "sniper's gun always gets extra camera love"