Brand New Landlord looking for advice.

[Vincent Plant]

I am closing on my very first rental income property in about 2 weeks. Now, I believe that I got a great deal, I can rent it out and create a great amount of cash flow I just want to be aware of any pitfalls. The property is not in a terrible area but it definitely isn't a great neighborhood. Its going to be low income tenants for sure. 

Any advice on setting up the lease, screen tenants, policies to enforce etc... to ensure that I am protecting my investment? 

Thanks!

[Richard Heine]

Whole books are written on that question so start by getting Brandon Turner's book at BP. Also, the forums are filled with answers to exactly those questions. It's also a learning process. Mistakes will be made. Finding a mentor near you will be a lifeline right now.  That's the best way to start/