Do they have systems in place for repairs, leasing, etc?  

This gives you lots of options.People don't want to lose their home or commercial properties, if you understand the system, your consultation to them could be profitable.

@Malachi Dodge- It used to be CVS Satellite Systems.  

Our office is our smart phone and tablet.I executed a joint venture with Elite Real Estate Systems who provides agent websites and BoomTown (an unbelievably robust CRM/back end) along with leadgen.  

The article is in the LA Times and is a column "Eviction system allows itself to be gamed, frustrating landlords".

Filing system for keeping track of expenses and profits5.  

We have decided to leave it unfinished, but put the French Drain system in so it won't flood.  

Make sure you have a system in place for prospective tenants to pay application fee and once the lease is signed, a way for them to pay the security deposit and the monthly rent.

I know there are some still flipping but unless you have the systems and people in place it's really hard to make the deals work. 

.), and then create a daily action plan on raising funds, finding financing, and developing systems to manage the newly invested in property.