Venice is very hot and desirable area = good tenants ( google engineers, doctors, etc. who want the beach life)= less turn over and less crap to deal with.

Are you a doctor or lawyer.

The owner is a Doctor and has moved to Costa Rica and is looking to unload his Dalls properties, which makes sense.

I'm thinking to rent to young professions/doctors/nurses for stable positive cash flow. 

Upon move in, she had a 3 page list of requests.These included new:New vacuum cleaner bags for a vacuum which was already in the house.A wooden strip added to the front door as she thought the gap was too wide.New electrical outlets for the whole house as the existing ones were old.There were some valid requests which I fixed straight away (AC wasn't cooling below 80, one electric outlet wasn't working, washing machine wasn't hooked up properly).When August rent was due, she paid on the 11th and gave me a doctors certificate and said to please forget the late fee.The lease calls for a $75 late fee after the 5th plus $10 per day for every day it's late.

So just like you might research why you are sick and if it is buying aspirin you will take it without consulting a doctor, the same is true for property management.

(Doctorate of Psychology).

In fact years ago a local Doctor wanted to rehab & expand an old run down bungalow for an office & heard there was going to be a court injunction filed to preserve the building.

I would suggest searching through the forums for that specific topic as both have been discussed in detail on the forums.As far as finding deals, you can get access to MLS, you can direct market to motivated homeowners, you can build relationships with agents and brokers who can provide inventory, you can buy bulk, and the list goes on.As far as finding private investors, I always recommend that one start with those they know - family, friends, co-workers, dentist, doctor, CPA, neighbor, parents from kids school, etc.

What might work for some will not for others based on their situation and goals.For instance many doctors simply buy things to reduce their tax base.They also form syndications to buy big properties in a group.For them they are already making a ton of cash and just want reduced taxes as the primary and the other items are secondary but still important.There are many people on this board that specialize in different types of real estate.For instance I couldn't tell you jack about buying industrial or office properties because it's not what I do.Why do you want to invest in real estate should be the first question??