It sounds like you are off to a great start already especially by educating yourself! 

Go to GET STARTED > EVENTS AND MEETUPS at the top of your screen.

This website is a nice starting point as you are deciding on what location to choose from.

These guru's pitch get rick quick with no money down, so people "want to be investors" but fail to start because they had unrealistic expectations from day 1.  

@Albert Gallucci as many have pointed out, in the commercial space of 100+ apartment buildings and offices, property classes have some pretty decent industry standards.We started applying these to 1-4 unit properties around 10 years ago, which you can verify on our blogs, because we saw too many newbie investors not properly taking into account things like, neighborhood status, tenant pool, property condition, etc.Unfortunately, there's no industry standard for this, but you can use some basic logic to think your way through your own Classifications.

Started listening to BP last week.

But would recommend you start with Long Term Rentals first.

Ready and excited to start investing in real estate in the new year!

My agent brought this deal to me and I jumped on it.

Step 2- close and start rehab-- would need to pay holding cost during rehab?