Depending on how many rentals you have and the cost basis of the properties it may be a good idea to have a cost segregation study done to get accelerated depreciation and maximize your deduction.

I haven't studied the market much, but from what I've heard, there is a lot of opportunity there. 

I am studying to become a Software Engineer (and hopefully someday design software for REIs).

I live in Folsom and have been studying the city closely - mapping out and visiting all the neighborhoods to learn all their pros and cons.

appraisal  verify rental rates ... check crime and school maps etc. also keep in mind these assets trade at very stable price points.. so don't get sucked into you have to buy today or it wont be there .. that could be true and you may have to wait a week or two for a new one to pop up.. but don't get sucked into what I have seen others post about Morris invest.. they show a property you call back an hour later they say sorry someone bought it... causing the buyer to irrationally jump at the next one.. classic take away sales tactics employed by that vendor. ( from what others have written about on BP)

I've been trying to study the market and looking at every house sold and every house coming on the market for my area.

Where are there laws that I can read / study to find the details on these types of happenings?

Aside from handing out business cards, I've been telling friends and family about my new RE company and how I've been studying RE for years. 

Have you done a basic market demand study?

I believe he studied finance and I studied engineering.