You're using very limited data, in a very specific question, to answer a very, very broad question. 

It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..Wishing you the best!

Here are a few I recommend: "Rich Dad, Poor Dad" by Roberto Kiyosaki; "Set for Life" by Scott Trench; "The Unofficial Guide to Real Estate Investing" by Spencer; "The BiggerPockets Ultimate Beginners Guide" found here on BP; "The Book on Rental Property Investing" by Brandon Tuner.

Hey Kevin, I am not within city limits.

To set your prices, do some research into the market, the season, the demand, local events, and what your competitors are charging.

@Lina BibikovWe are currently setting up to market specs.

For example, if you are pulling data for pre-foreclosures then directly web scraping the county foreclosure website will be as up-to-date as you can get.You can use sites like Browse AI to set up a scraper without code and have data written to a spreadsheet.

I reached out to the owner and initially he wasn't interested in selling but i set a reminder in my calendar to reach out in exactly one year.

Must I set up a multi member LLC?

@Iftikhar Khan and @Caleb Henley - With our rentals we set the following as a minimum for application approval. - 650+ Credit Score - Clear background check, eviction history check and sex offender registry check.