What types of properties to buy....looking for advice.

[Brent Varnadoe]

I'm in Greenville, SC and my wife and I are going to start buying some investment properties to rent.

I was thinking of some "rules" as far as what types of houses to look at (we're looking at sub $150K properties), but not sure if these make sense so looking for advice on whether these are good guidelines.

1) 3 BR/2 BA minimum so we increase our pool of renters.

2) Good school districts so we don't lose out on folks with kids

Do these make sense or are they a mistake? Anything else I should look for in a house as a first time investor?