@Josh Fernandez It's not what you do after the sale... the most important work (other than obtaining possession) is done before the sale.

I know how important this is while in business.

If someone is trying to replace their income, then cash flow is much more important. 

Your comment is really interesting and important because it reminds me that at the heart of all of these transactions are people and that we can be swayed by experiences and attitudes. 

Lucas started down this road, but I think the most important part here is to very rigorously vet the would-be tenant and get enough written assurances that you are covered if this doesn't go well. 

I wanted to pass along some important info I ran across a couple of days ago.  

There are many agents out there, but it’s important to choose the right one.https://www.biggerpockets.com/blogs/5868/52724-im-new-to-investing-how-do-i-find-an-investor-friendly-agentI love answering questions if you have any!

The 6 month thing might be important....so if you bought that home with cash less than 6 months ago let me know....otherwise talk to some lenders, make sure they can use your rental income to qualify you, treat you fair, and can work quickly. 

I would really appreciate any insight or advice that you can offer me, as I'm a total newbie - but I am taking action, which I've heard is important in almost every single BP podcast I've listened to so far. 

Not to belabor the point but this is a great example of why it's important to know your state laws and adhere to them.