Good Luck if you decide to pursue it!
My wife and I have several rental properties, and my I suggest that you either be FULL time Property Manager, or NOT.
I do not manage my own rental properties, and suggest to other agents not do the same.
Find a PROFESSIONAL Real Estate managment company to handle Rental properties.
Good luck with your decision.
If you don't want to deal with the stress and headaches from property management please keep us in mind. I'm with a company called ONEprop and we offer all realtors 50% of the first months rent for any referral we receive from the realtor. Also, once your customer is ready to sell the home we refer them back to you. "Guaranteed" Its a great way to make money from offering this service to your customer and not having to deal with the day to day of managing property. No rent collection calls, evictions, repairs in the middle of the night etc. Please call me so we can discuss this further.
Oneprop of NC