What are the steps to acquiring a rental property?

[Adam L.]

I have finally saved up enough to acquire my first rental property and I was wondering if anyone has a checklist/process flow of steps they'd be willing to share on how to go about this. What I mean is I am sure there are certain things I need to do before others such as opening an LLC before purchasing the property or speaking with a bank before putting in an offer. I have a step-by-step type of mind and I just want to make sure I don't miss something.