I have read some of David Bach's "Finish Rich" series as well as the "Rich Dad" stuff.Finally, Best piece of advice for a newbie who is excitedly cautious?

If that is not available, then I recommend that you be cautious about the price you are willing to pay. 

Strategy 2016: Cautiously buy out of state properties, accumulate cashflow for my balance sheet (to qualify bigger loans).Started 2016:6 (all out of state) rental properties.Holding cash/stocks for out of state investments.Today: Raised rent on 3 properties.Added 3 more rental properties, all in IndianaPurchased 2 properties from whole sellers and remotely rehabbed.Used a new loan to purchase one higher priced and newer property (remotely rehab).

@Johnny Hoang, Be cautious purchasing your first property via an online auction.  

I'll proceed cautiously, and speak to an attorney to make sure I'm not stepping into potential legal problems

With current investment loans for residential at 5-5.5 interest I would also be cautious of 10 percent seller financing, unless you don’t qualify for a government backed loan.

Cautious at first (my first sec 8) I agreed.

If the deal doesn't seem right based on your analysis and market knowledge, it's prudent to be cautious.

I almost went through an eviction on my last property in Chicago and wanted to be extremely cautious when screening a prospective tenant for my new rental property.I had a situation where a tenant was upset at me for asking her to go through the smartmove.com process.

While this may lower your return, if you're feeling shakey, this can help you cautiously dip your toe in and mitigate risk of loss while you are learning.