Quote from @Daniel Tanasa: Hello Terry, If you're looking to find houses that are in pre-foreclousure you can use a website like www.foreclosure.com and you can get the list of properties and start marketing to them. 

You are in the right place to get started.

Self-Employment Opportunities: Would it make sense to start a side business related to my rental properties (such as property management) to access more deductions?

@Jack PasmoreMastering underwriting is key to making smart multifamily investments, and the best investors start with a strong manual foundation before leveraging automation.

As a starting point: -If they work full time and make $700k a year -Don't want to or can't spend time self managing a short-term rental -Don't have a spouse who wants to take the lead on managing the rentals They are likely not going to directly reduce their taxable income with real estate year-to-year. 

Quote from @Alex Spivey: I want to start renting as soon as I can so does anyone have adviceYou want to find a place to rent and occupy, or you want to buy an investment that you can rent to others?

Currently work a day job and have no capital to start off with.

Or what are other tips to start gaining traction from the beginning? 

I formed Park Place Communities in 2014, and we started purchasing communities in early 2015.

Nevertheless, a facility is on the horizon and I have now started a non-profit with family to begin a secondary path.