RonJohn does a fine enough job answering the "nuts and bolts" of the question, but given your comment of:
The second paragraph I was just trying to captivate something I thought I could do. If anyone wanted to share their thoughts then I could read their advice.
Down payment aside there seems to be a misunderstanding of being a landlord. It is work and it is risky. The work comes in three forms. The first is fixing and maintaining the property. This can be contracted out but the more this is contracted, the less profit. An example is the water heater. A person in NJ was just quoted 1800 from a plummer to change a water heater. I can do this job myself for less than 600. However, in my own case I have paid someone else to do it as I did not have the time to drive down to my rental property to deal with the problem. It is only 2.5 hours a way.
The second is in the form of finding and managing tenants. Here is a hint: it is very easy to find bad tenants, difficult in finding good ones. Services can be used to help find them, but again paying for such cuts into profitability.
The third is managing the "company". Managing payments, the tenants, keeping track of expenses, etc... this can take a significant amount of time, especially at year end.
All this is to indicate owning rental real estate is not easy, and is not the "cash cow" that many feel it is.
I would advise not to purchase long distance real estate, to put down 50% or more on a property and have an emergency fund. Why? Because a good rule of thumb is that 50% of rent receipts will be eaten by costs. An emergency fund will cover times of non-payment or catastrophic repairs (roof, HVAC, etc...)
Personally I would not own rental real estate that was not owned free and clear.