I just took possession just under 2 weeks ago and boy I have learned a lot in that short amount of time (I actually am going to be starting a blog here shortly to share what I have learned so keep an eye out).  

They are also business for profits which tells me that's where to keep an eye out as locations closer to downtown tend to have premium pricing on real estate.

Know the local laws and keep an eye towards changes.

There are a few others over there that I have been eyeing up if this falls through. 

All tips and advice are welcome in my eyes, and any begginners (like myself) that would like to collaborate with me are welcome as well!

Keep an eye out for the webinars and if you have a chance to listen to the podcasts while at work that will help out as well!

Keep your eye open for random BP meet ups.

I don't know what your house is like, but if you can get a lodger to rent out a room, or if you can add a separate space by inexpensively finishing a basement or attic (microwave, hot plate, mini-fridge, bathroom, + bedroom or studio), you can use that income to both pay down debt and to establish yourself as a landlord in the IRS's eyes.  6.  

Read the news and keep an eye on prices in an area you want to invest.

I'm interested in flipping part time, with an eye to move into it full time and possibly develop Buy & Hold.