New construction is also a solid option because everything’s brand new, and you’re less likely to run into issues with maintenance early on.As for research, I’d focus on the local economy and rental demand.

I also have tenants set up monthly on Lolo Gifts, which costs me 1.50 per tenant per month, and sends them a little monthly treat from a local business in town.

You should download the lists of properties, research a few, attend online or person, and learn the basics.

Your local credit union or bank should be able to help you with that 

However, if this locality has opted in for "just cause eviction"  (which is statewide), then you cannot terminate the lease without "just cause." 

Check on ownership status before you get into escrow.Get multiple inspections to be able to really determine the extent of repairs.Try to align yourself with the best contractors, had good referrals, but somehow nobody stood behind their warranties.Have a good lawyer and local accounting firm.Talk to locals to see how things are done and what's happening around you.Have patience!

This was my first investment property and I used a loan from my 401k for the down payment and also used a local credit union for a 10% down payment on it when I bought it.

Quote from @Stuart Udis: 99.9% of investors who are chasing the 1% rule are solely focused on cash flow and spend no time whatsoever analyzing markets based on fundamentals.I agree, BUT 95% of investors aren't interested in analyzing markets as they invest local to where they live!

Im a local agent/investor in the SLC area. 

Check local regulations on maximum number of unrelated people living under 0ne roof.