Streamline your communication process to secure quality tenants.Focus on QualityThe condition of your property matters more now than ever.

For your first rental property, starting in an area you're familiar with can make the learning process easier, as you’ll better understand the market and can handle issues directly.

I know I already mentioned this, but @Mordy Chaimovitz...If you can get by with lower cash flow and invest for the long-term generational wealth (aka appreciation) in nice neighborhoods, that is the way to go, but it's tough to get by at times -- at least it is for me.Just know everyone's situation is different, and you should do what is best for your specific circumstances!

,While no investment is completely passive, proper real estate investing should be relatively boring.You asked about the process and major considerations.

We went through this process twice with them.

I believe this tough-on-crime approach will make Albuquerque safer and a better place to do business in the near and long-term future. 

If you want to be vary hands on in the process find an agent that will guide you every step.

I imagine the whole process is simpler but can anyone tell me how different it is when you don't borrow the rehab costs?

For instance - I am looking to see if anyone has experience with installing recessed lighting into a horse hair plaster ceiling and if anyone could offer advice on the process I should take when doing so? 

It should only take you about a month or two to contact everyone on your list and then the tough part – you start all over again.Why the repetition?