My wife always calls the lender before she advises her client to accept an offer.. now to be fair I am the client most of the time.. :)but you know what I mean.. 

That falls right into line with some of the articles on here which suggested around $180/m per house.This house is in good condition and I still result with a fairly high budget.After all of my expenses (mortgage, taxes, insurance, maintenance, vacancy, pm, lease fee) I am left with a Net Cash Flow of $180/m.

My current tenant is very solid with way north of 3x income to rent and fairly clean credit but had to move for a job.  

Step 1 is ALWAYS downloading your state and local LL/tenant laws, putting them in a three ring binder and reading and knowing them.Step 2 is taking Fair Housing Training, either on-line or in person, so you do not violate the law and get sued. 

Not sure what you think you want, but, this is a fairly basic list.  

I feel this strategy will work best for me since I can continue to recycle my initial working capital over and over again which will allow me to scale quicker.The end goal is to have a large cash flowing portfolio which I'm prepared to work full-time at to ensure that I succeed.

@Brent CoombsThese deals are fairly rare but its a very stable smaller community with great schools.

Let me know what you find out, I am based out of Utah and I am just beginning to learn about the different things available as well as still fairly new to all of this.

It was a fairly easy and quick process to get the license (a few months).

This helps ensure the contractor stays with the job for quick completion.