I'd also like to make sure people understand that, to Jackie's point, you've got to do boots on the ground research, remember I go to these places for minimum a month before I even consider an investment.  

In fact, many sellers will not even consider an offer without an attached pre-approval letter.Before shopping for a home, make sure you have a pre-approval letter from your lender.

Simply taking over then raising rent is a bit abrasive. 4) Consider an escalated rent period, where you make the increase steadily over a few months.5) Make sure you do it before the NYS legislature takes another run at GCE with a rent increase cap!

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is likely to be higher, then you may consider an umbrella insurance policy.

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is likely to be higher, then you may consider an umbrella insurance policy.

After you have a good grip of what you want to do, consider an upgrade to a CRM.

I live on the east side and don't even consider an offer until I take that step. 

Interview, check references, and visit property currently under their management to feel comfortable about how they manage.Option 2:  I wouldn't consider an MBA unless you're genuinely interested in the education. 

I would really consider an investor that is will to do a bit of mentoring as well to assist me in getting established and in return would be able to make profits off of our relationship.I'm asking the forum because I am limited to available time with regards to face to face networking.

To second what Bill Walston said,You may want to consider an Enrolled Agent someone designated and licensed by the Dept of Treasury in taxation.