I have prepared seven letters with different contents which will be mailed every 3 wks to the same contacts.

I am prepared to handle the management, especially the books and financials.

Door knocking is a GREAT WAY to get a deal but be prepared to have numbers like 1:1000 (that includes no answers, straight no's, and vacants)

I would recommend to have an escrow agreement prepared and funds held by attorney or title co.

New houses grow old with renters.. it will never look better to put on the market than now.The "wanting to get experience as a landlord for this type rental.. a SFH is marginal for just this one property" better to take a class at a landlord tenant association so your prepared more to do that in the future.Personally I'd sell if the tax guy thinks it's wise to do, otherwise the depreciation and losses you may have renting for the next few years might offset and keep it about a even trade off to sell later.

If you are planning on buying city of Milwaukee REO or tax foreclosure properties, I would agree with the other responses, be prepared for a big SOW and the process can be demanding.  

How much, and what kind of info should I have with me, and what kinds of questions should I be prepared to answer?  

It may take many months so prepare for that part.

A lot of them will count 75% of your gross rent towards offsetting your debts if you've owned them less than a year. however be prepared for a lot of paperwork which means sending all the leases, proof of deposits and rent roll for each place each month.

I spoke with a real estate agent yesterday and she was discussing how the city is either preparing to change or has recently changed its laws on rental properties due to the new apartments going up.