So, based on the above, I can only conclude that private landlords can serve notices and evict if they do not have a federally backed mortgage loan.

Generally speaking, interest rates are at historical lows right now so it may be in your best interest to get a 30 year fixed conventional loan and let the property cashflow.Once you purchase a rental property you would be best served by finding tax advisor who is also a real estate investor to prepare your taxes going forward as they will need to account for your passive activity losses and depreciation.My personal recommendation is to get to know your market very well and be strategic in your purchases. 

I’m seeking recommendations for a property manager who serves the Whitley County/Columbia City area (just outside the city of Fort Wayne, IN)If you know of anyone, would you pass along their info?

The cash can serve a few purposes one for liquid cash required by the lender for PITI (6) months reserves, Additional cash for Renovations, DP etc. 

Im unable to even serve her with a rent demand notice (first step in eviction process here in NY) until August 22nd.

I don’t believe we are only served by “affluent” groups.

Any insight that could help me better serve the OOS community would be greatly appreciated! 

To be honest, its also a daunting prospect but the more I learn, the more I think my ability to be personable and slightly charismatic will serve me well. 

The way you do that is by serving a 3-Day Notice to Cure or Quit (also called a 3-Day Notice to Perform Covenant or Quit) whenever your tenants are found to be violating the terms/conditions of the lease. 

The first book I ever read on investing was The Intelligent Investor (written by Warren Buffett's mentor) and there is very strong admonishment against IPO investing, if memory serves.