My goal is to get at least my initial investment back and have a property producing at least 200 pcf each month.Please let me know if this is a solid strategy what some of my next steps are.

Otherwise you are wasting your time chasing ghosts.

Could be worth it, or he could be wasting your time.

I'd send my yellow letter from that alone, and I'd call if I could find a good phone number.The title search is a waste of time until you know you have an interested seller.

Ok, so I'm 19 and I just finished my first year of College, which I don't want to say was a waste, but I didn't get much out of it.

Calling or worrying over the other mortgagee's is just a waste of time.

I think it is a very solid rental market with some good deals floating around.

I've read about analysis paralysis and feel eager to get started with investing, but also want to put in the proper amount of time upfront to learning all of the basics and building a solid foundation of knowledge.

If so, you could think about Hard Money Loans, but just make sure you really have a strong grasp on the After Repair Value (see my article How NOT to Flip a House: An Embarrassing Story of Wasted Time, Money, and Opportunity) If you plan on holding this - hard money isn't going to work.

Current one is not up to par, won't go into the long story of it all, but if you know of a solid company that has good communication and prompt service for issues, good placement rates, please let me know!