And the hardest part of all this is finding sufficient labor to rehab/manage the property. 

Contact my friends at HomeHop Property Management. www.homehoppm.comTalk to Dan, they have a in house designer, who you can hire. 

Quote from @Lee Banks: Hi my name is Lee I'm looking too buy my first rental property and but I feel as if I need a mentor to watch, I still need to learn the basics of real-estate does anyone in New York do programs or mentorships and where would you start if you first started real-estate today  Hello Lee,I'd recommend looking up local meetups here on BP, meetup.com and, eventbrite.You can also call around to speak with RE investors and professionals in your target market to begin making connections.With so much available information online, I'd recommend speaking to a few people and doing independent research before committing to mentorships.

Quote from @Krista Lance: @Kevin Sobilo @Thomas Talbert Sorry - I should have specified more, I have a property manager for these properties, and they track all of the accounting, etc.

I could see this fit into several categories of 'real property trades or businesses.'

Know your market cap rate and you can quickly determine whether property is worth a closer look. 

You are 18, you shouldn't be ready to buy a property yet.

A couple of months ago, I purchased a property using a hard money loan for $115,000.

Are you primarily looking for cash-flowing properties, distressed deals, or value-add opportunities?

After about 10 years I have accumulated a fair amount of small multifamily properties.