It's good you have a goal and using that goal to drive your decisions at each step will guide you. 

When looking for a PM, consider these criteria:1) the experience and credentials of the broker who supervises the company as well as the lead property manager2) the services they offer and how they line up with your needs and expectations3) the use of technology to make their job and yours easier 4) if they have a landlord-tenant attorney on retainer to help guide them on legal issues (not to mention the creation of lease agreement, landlord forms and notices, etc.)5) their process and policy for a) listing, b) application, c) tenant selection, d) routine inspections, e) maintenance services, f) property and tenancy update reports to you, g) lease enforcement policy, and f) move-out process.6) property owner reviews (caution: you can't always rely on Google reviews, because they may not reflect actual quality of the company, but still) 7) beneficial programs for both owner and tenant 8) a property management agreement that would indicate they know what they're doing and have the experience to know what matters in a PMA.

Both resources can help you find reputable property managers with proven track records.Additionally, my team has put together a guide with tips on how to hire the best property manager.

.- work with an experienced agent to guide and assist in identifying properties that are priced well and can cash flow. 

To begin, figure out what you want, look at your money, learn about the market, think about living in one of your investments, talk to a real estate expert, money advisor, or a guide, and keep getting info about real estate through books, podcasts, web talks, and sites like BiggerPockets.Good luck!

Based on the statutes, the legislative history, and the case law, the following 7 essential elements will help guide you when working with your lawyer and administrator. 1.Third Party Administrator (TPA) – I use Trust-CFO as my firms third party administrator for my CA clients with PRPs. 2.Qualified diagnosis by the TPA to determine if you even qualify3.Asset exemption analysis by the TPA to determine which of your assets are eligible for exemption4.Funding analysis based on income, age, and retirement needs5.Plan documentation and funding of plan – this is a critical step often overlooked or not done correctly.

The landscape is changing some -- so we are taking certain steps pre, during and post closing to help protect the transaction.We also have hundreds of investors to shop you opportunity to.Reach out and we can guide you along the way.

Read Beginner’s Guide to help you get started: http://www.biggerpockets.com/real-estate-investing Good luck on everything!

Can someone guide if Oklahoma would be a good choice being high on the tornado index?

However, clearly these properties are quite different.Also, in case you didn't know, BP also has its own guide on this topic which could give you some additional ideas.