I made just as much or more on new construction and there is tremendous energy savings in newer homes generally speaking.

In current market conditions this makes the most sense and mitigates risk tremendously as a new land lord. 

I think you'll find tremendous support from the BP community.

You may be thinking purely of the property-finding aspect, but there's a lot more to consider.First off, as an unrepresented buyer, the only sellers who will take you seriously are usually going to be FSBO's, who may not know any better, or scumbags who know they can take wild advantage of you - any listing agent worth their salt is going to see an unrepresented buyer as a tremendous liability and amount of work for themselves and their seller. 

As Matt stated, you'll get a lot of wholesalers that are inflating prices tremendously looking for huge payouts.

And the mentoring, systems, tools, and templates could save someone a tremendous amount of time.

Obviously, with the BMR rents, there is a tremendous potential for appreciation if the existing tenants leave, but as a landlord in Oakland, there is no way I know of, that can make a BMR tenant with several years of tenancy leave..

I have seen tremendous variations in underwriting guidelines, rates, and requirements with banks that are literally across the street from one another. 

These sites do not offer state-specific forms and will hurt you tremendously some day.  

This will help tremendously with learning the ins and outs.