That's key. 

I will be patient ;-)  You are referencing what Michael said, not what I said.

Just practice and be patient, and sooner or later you will find the right deal/ opportunity to enter the passive income dream we all share.Last, since you are military, there is someone who has had a similar situation as yourself who has succeeded.

I wouldn’t give them the keys until you’ve received all rent/deposits, you’ve received proof of renters insurance, and you’ve verified they put the utilities in their names.

Finding properties on good streets in areas close to restaurants, retail and shopping, where you'll attract quality tenants is key.

Right now All of my real estate investments focus on investing in turn key properties and becoming a limited partner in syndications.

I completely agree: Running an ad does not place your property "in Service", which is the key point in time at which you can begin expensing your renovations rather than capitalizing them.In order to be "In Service", the house must be habitable.

It took 7 months to get the deal done due to different things so I learned that anything can and will happen, and you just have to be patient and go with the flow.

What are some of the key factors to know and understand?

Fast forward, yesterday with A LOT of notice our hired realtor showed up at the house to get a key from my tenant for showings.