Check out the podcasts, specifically the ones discussing investing in expensive markets....  

The annual membership is inexpensive, and it will come in handy.

I am just starting out so looking for something kind of inexpensive.

Don't buy a nonperforming note because it's inexpensive as you will never have the money to get your equity out!

Does anyone have any recommendations on a phone and/or internet provider that will be really inexpensive?

@Samantha Klein I agree, with how inexpensive it is, everyone should want to have it!

The only item that may be subject to state income tax is the properties that would be held in income tax states.When you did your taxes last year - did you factor in expenses from your closing disclosure(previously HUD-1) which include items like title costs, loan origination fees, pro-rated real estate taxes.

Visit open houses, pull up a Zillow map and wrap your brain around recorded sales numbers in different neighborhoods, visit the local REIA, etc.For a more expensive market like Hawaii, you may need to be flexible or discard completely the 70% MAO formula -- that's your call, but understand that an expensive market does differ in this regard from an inexpensive market like you may have in the Midwest or South.

There's also lots of new players wanting to flip houses, especially inexpensive ones. 

read as many books (Half Price brooks is a good source for inexpensive books) as possible related to marketing, investing, general business, mindset, etc.3.