Ideal numbers for first rental property

[Lorenzo Diaz]

Hi guys, i am pretty new to BP and VERY new to REI. I've never done a deal, but I'm very eager to get started. I feel that a rental property might me the best bet to start out with (if anyone disagrees, please feel free to tell me why!) but I am having trouble finding out what the best method for finding a great deal is. So far, I've just been looking online and nothing in my area seems to be catching my eye. Any suggestions?

Also, how much are you willing to put into rehabbing a buy & hold?