Also make sure they are committed and have adequate time to devote to the effort. 

Shop around.You could teach yourself how to do an adequate title search by researching local customs and laws and getting access to public records.

Unfortunately, a few good candidates wanted it for July, giving their current landlords adequate notice.

If the foundation was not adequately protected with proper drainage, you can have serious foundation issues.

In addition, are their adequate services/technology to assist with those challenges?

You do not need to use QuickBooks, but you will need to maintain adequate books and records.

Just make sure your insurance is adequate.

When the reserves are adequate, use the revenue to invest whether that is in real estate or something else. 

The big things to watch out are always the same – investing in supply constrained markets with value-add upside (true value-add vs. taking existing renovations to the “next” level – which all brokers tell you is the big thing) and being adequately capitalized. 

Consider the following case: You have a young family with sufficient income to make rental payments and bruised but adequate credit.