You should stay on track of educating yourself through books, podcasts, networking with others - offline and online.

I would say begin drowning yourself with knowledge here on BP with webinars, podcast, forums, and even books.

I joined BP after reading @Brandon Turner 's books Investing in Real Estate with No Money Down and Rental Property Investing.

I’ve been reading through the forums on a regular basis, I’ve read “Set for Life” recently, and I worked through creating my own rental calculator like Scott did in the book to try and better understand all of the money related aspects that go into a rental property.

If flipping hard money lenders might be the people you want to talk to about requirements and standards.

The deal still may be worth it but that is $50K more that you need to come up.B. 3 BRs can get up to $1500 from CHA if they meet their standards.

You need to fit within Fannie and Freddie's standards in order to apply for conventional mortgages.

@Ray Harrell I'm sure I can find an example of this somewhere on the site but since you brought it up is there any sort of standard to figure out how much you should be offering for something like this?

They are booked nearly solid, except in the winter months. 

Does anyone out there have a really solid book keeping spreadsheet/template they use on their rental properties?