If you do those 3 things you will be able to help them secure an investment property, make necessary repairs(at a decent price), and get the place rented and cash flowing.

How Can I Get Started"[1] Knowledge of what you want to do, and what you don't want to do.For instance I want to make money by housing people in clean decent housing (for a good profit), but I don't want to be the guy doing it in dangerous areas, or in rent controlled areas.

Hello @Shashank R.Memphis is a great market to find good cash flow and decent appreciation as well. 

Should have a decent ROI for this area.

@Jeremiah StrubleProfit/Loss Statement from the last 12 months (also known as the trailing 12), last year's P&L, and rent roll/occupancy with lease start/end dates.Then ask what improvements have been done over the last five or ten years and what needs to be done in the next five years.These are decent conversation starters if you can get all of the answers. 

I have a decent amount saved up and will definitely have enough reserves in case anything come up.I am leaning towards starting in Florida since they have friendlier laws for landlords but need to do more reading into what that entails and if its worth sacrificing my ability to visit the property whenever I want.What areas in Florida and NY do you think I should focus my research in?

They may not want a larger down payment but may be interested in your cash reserves or where you would pull money from (HELOC, partner, another business, etc.) if you had a decent repair to tackle.Don't forget there are other creative financing options that do not include a bank.

I run a pretty decent-sized SFH portfolio on autopilot almost as good as can be done, and I'm happy with it that way. 

Just shoot your best shot and you'll eventually land on something! 

Out our way-2 hrs southwest of Seattle, a duplex which typically rented for 1600 now goes for 1900 so ya, that's a decent increase but not crazy, crazy.