People just make sure they have all that they need when they head out.

Check with some of the people that commented here about the specific location.  

I also have some capital to contribute.Could someone explain how syndications are typically structured, and how are people using Other People's Money (OPM) to build large portfolios with little to no money down?

How would you like to be a tenant waiting on a repair because the owner wants 3 bids for everything and not only will that delay the repairs, but you'll have 3 people coming through your home everytime you make a maintenance request?

Visit with people there and you'll get a more detailed look at things from people actively working in the areas.

I’m here to learn as much as I can, meet like-minded people, and get advice on making a solid first deal.

Some questions for the people with experience: What are some basic landlord problems I will most likely run into?

Longer Tenure in HomesData from the National Association of Realtors (NAR) shows people are staying in their homes for a decade (see graph below):This increased tenure means homeowners benefit even more from home values growing over time.

Chances are they are paying others who are not as accommodating as you (amazing how people will make those car payments while jeopardizing their homes) - and it's time for them to move on to housing they can afford and to a tenant that does not require you to subsidize them.  

I've had people tell me not to worry about it and to just do it, and I've had other people say the bank will call the loan due.