I'm a full-time DJ and music engineer and was blown away when Rihanna's producer for "B*tch Better Have My Money" brought up Rich Dad Poor Dad in his interview on Pensado's Place and talks about the importance of financial advice and awareness.

You can do this by looking on Craigslist, zillow rentals, call numbers on signs in front of other for rent houses.Also, try looking for property managers in your area and set up a consultation/interview.

And @Jonna Weber's interview on BP was a great one.

Josh D. and Brandon Turner are much more familiar with this process than they were in that interview as you can tell from chapter 8 of Brandon's book and it's not as complicated as most people think but it is necessary to know what your doing for legal reasons.

Interview a lot of builders and bring them on board under your umbrella.

MF lenders "interview" the borrower (you) and rarely will they lend to a new MF owner /operator, unless you had a "credibility" partner with a percentage on the deal who'll also sign the note.  

I might rent it to her for 1350 or 1400, taking some off of what it should rent for, recognizing that her getting in there early (that's not your problem that she wants to get in the school by Monday) will prevent you from rehab and getting full market value.

Keep the questions very casual sounding, you don't want it to sound like an interview or they may shut you down. 

Dealing with the elderly is a totally different ball  game in real estate and there are mine fields that new investors need to recognize outside the RE strategy game.

Assuming you have run those numbers in Jourdanton and seen the inventory that can support it, it seems reasonable.With the 7k cashflow, be careful about recognizing how much of that is reserve.