The key is trust your gut, and WRITE everything down and sign it. 

I've helped friends in CA go from $18,000 per year income to $120,000 income on the same equity, so if income is what you want, consider professional property management on turn key, fully renovated properties. 

Tenants are currently in place and paying $1445 altogether so there is cash flow and since it's a first deal, I may drop the property management company. 

Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

@Daniel Cuevas, I believe a key action in your process is going to be sticking to the direct mail campaign for several months.  

I think an important key is understanding what things people like.

Learning quickly and getting better right away is key for sure...   

But the key is to managing it successfully and this is where most people lose their shirtLong story short, we slowly removing non performing tenant and move in good tenants.

Yes you can open the door with your key (with proper notice).