I can do the parade of horribles for a personally owned rental property but suffice it to say that it is a long and robust parade and the horribles are horrible.

Are you looking to "house hack", which is living in the property (or 1 of the units) for at least a year and then moving out and renting the unit?

.🔹 Step 9 & 10: Engineering & DrainageNot the most exciting part, but if your property needs engineering reports (like soil testing or drainage fixes), get it done now.

Not your own rehab at your own property.

Quote from @David Young: My wife and I are new to this and are saving for our first property our goal is to start looking for properties in November 25, we have a couple questions, would it be wise to invest out of state for our first time investment (we do plan on physically going to see the properties to potentially invest in) ? 

Do you have investment properties already or are you just getting started? 

With the down payment you're putting down (assuming it's at best 25%) with current interest rates, you're maybe going to be scraping a couple of backs cash flow on a Class C+ property. 

TLDR: Quicken (quickbook’s little brother) is super easy, cheap, and still overkill for someone with less than 20 properties.

My property tax is around $350 a year. 

You must have known the property was in arrears, so it becomes your duty to be in contact with the bank through the process.