Beginning Stages of Purchasing Rental Properties

[Lynwood Washington]

Hello to All, 

My name is Lynwood Washington and early preliminary stages of planning to make strategic moves to purchase my first rental property. I have one property right now that has a good amount of equity in the property. I have refinanced and taken out some of the equity out of the property but that was utilized to pay off some previous debt. All that being stated I am planning to refinance again and developing a game plan to obtain another property with the goal in mind to rent my current property. It would be greatly appreciated if anyone could provide any advice on the best steps to take and your own experiences when starting out.