What happens after the deal is closed?

[Dalton Willett]

Hello, 

My name is Dalton and I am a 23 year old newbie to this real estate investment game. I am the corporate sales manager for a storm restoration firm and the job I have along with the schedule it keeps makes real estate very attractive to me since I have good knowledge of the contracting side of things. I have yet to make a deal but am spending a good amount of time each week learning all that I can. One question I have is, what happens once the deal is closed? I have closed on that property and I am ready to start renting it out and then what happens? How do I find renters?How is that cash flow taxed? Basically, what does it look like day to day after I have closed the deal. This may seem like a silly question but this is a part of the process I am least familiar with, thanks in advance for any and all responses!