I know what I want to specialize in and I guess I just would appreciate some guidance and direction for someone like me that is starting out.

The hardest part of investing is starting out I guess :) The cash flow from these units are at least 7K a month after expenses.

Join the club - I'd guess 90% of the investors I insure don't follow some or all of the above processes above and it's a legitimate exposure to you the property owner that is not inexpensively insured on your end of things.

I guess it all depends on how much you want them to do and what percentage of the income you're comfortable with paying the management company.

(sidenote:  i can't believe how much agents are listing these trashed or severely outdated homes for...but i guess they sell??)

I'm guessing the mortgage would be around 1900 - 2000$ while rent could be anywhere from 1600 to 1700$. 

Could be a headache to deal with and that net not worth it, but I guess something really won’t know until your in it. not sure what you do for a living or salary so you’d have to determine if time spent on it makes sense. 

I guess the good part about starting to pay back all my loans is my credit score actually just broke into the 'Very Good' category.

I know what I want to specialize in and I guess I just would appreciate some guidance and direction for someone like me that is starting out.

Which I guess leads to the bigger lesson: know what the local market requires at closing, and DEFINITELY educate yourself on what Title Companies will and won't check for in each state.