So once you have that clear, then the next step is to put a plan on how you are going to acquire the homes.you can network with wholesalers or find the properties in the MLS. also, you can drive for dollars, send direct mail to motivated sellers, place signs, advertise online or on radio or billboards, etc.There are so many different ways to find properties, I usually have about 20-30 properties under contract every month.

Is it to soon to start advertising it?

I've even offered through agent advertised properties, but you'll usually get better response from FSBO. 

Advertise that you are holding an open house on a specific date and time.

We put our place on Facebook and whoever rent redi advertise through.

It may be a better use of your time to begin advertising this unit so that you can get a new tenant moved in as quickly as possible following your current tenants move out.

There are lots of ways to find properties:- Buy stuff that's listed on the MLS- Auctions- Direct mail marketing- Advertising- Knock on doors and talk to potential sellers- Facebook advertising- Craigslist "For Sale"- Etc...I spend an entire chapter talking about acquisition strategies in "The Book on Flipping Houses" -- check it out for more details...

Its too bad newbies see this site as a way to find "good vendors" when all it is is free advertising for them. 

When we advertised it for rent in late November they had only 7 SFRs available on the entire market.

What some other property managers do is just advertise renters insurance included and up the rent by that amount then place it on each.