Not every investor is suited to be a landlord in every possible neighborhood.If the reality of a stolen meter surprises and rattles you, I think you are probably better suited for being a landlord in other types of neighborhoods. well put and many West coast investors don't realize this until they already own them  and boy you should have heard the Austrialian investors.. they could not understand why their rent was not ACH into the account on the 2nd.. when they learned that most of their tenants did not have checking accounts.. you could see their chins drop they simply cant understand how that can be.. when in their country banking is all electronic and no checks are used or money orders etc.. its all on line.

(There are exceptions to this for small creditors, less than $2 billion in assets and originates less than 500 first liens/year).QM's are institutional paper that Fannie, Freddie, VA, FHA and the like require.

Where I am worried about is having a high minimum monthly payment after I, lets say, purchase a $100,000 SFH all cash.Let me give some more data:Draw period = 5 years; where at the end I can either re-apply to extend the credit, or enter repayment period of 15 yearsInterest (as of today) = 5.75%Min monthly charge factor = 1.0748% of unpaid balanceSo with the example of $100,000 SFH purchase, at month #1 my payment would be $1,074.80.

Prequalify them [ really not just ask them do they want to buy a house but full 1003].Then take the ready buyers list and market to all sellers that fit that criteria - via online, email, direct mail, FaceBook, door knock etc.

Nothing you read or google online can teach you. 

@Manasa Srinath Agree with the comments on timing and # of rentals coming online. 

Probate will have to be opened, with the sister you’re dealing with as the likely PR.....once appointed, the creditor notices published, she sells to you.

I've read all the books, listened to most of the BP podcasts, and have spent considerable time doing research online.2 years ago I purchased my primary residence where I live in California and now I'm trying to purchase my first rental.

This is probably the best way to get online exposure. 

Simple things like a professional website, ability to take payments online, a real tenant application/screening process, maintenance tracking, after hours call system, financial reporting, etc.