A good property manager can be an invaluable resource for first-time investors, even before you purchase your first property.

Does anyone have advice on where to start, what resources to look into, or steps I can take to get into something like this?

Use whatever resources you have at your disposal to help make the deal happen.

Just like all aspects of life :) If you come across anyone needing help I created this website of free resources to share.

Eviction costs surged and so landlords needed to increase rents to deal with vacancy and collection loss and increase their screening standards.Then the eviction moratorium.  

Quote from @Michell Chase: The signed contract states a deposit was collected, so I would make that part of your purchase agreement.

A handy search bar in the upper right makes it easy to find previous discussions, blogs, podcasts, and other resources.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

A great resource that's a one to one for starting with you own capital is the Private Lenders podcast. 

If you haven't already check out the gifts Santa has left in the Resources page on Biggerpockets!