Phil Pustejovsky has a YouTube video on exactly where you are and how to get financing.  

While I've yet to invest in my first deal, I've been spending the last 2-3 years studying real estate by reading books, listening to podcasts, reading articles, watching videos, and even spending some time with experts in the business.

I am particularly interested in recommendations for books, videos, podcasts or any other educational materials on this type of project.

I've been reading blog posts and listening to podcasts and youtube videos about rehabbing. 

Ideally you'd use 2-3 check valves in series as this helps if one of the valves is partially or fully open due to debris or waste. 

This video does a good job to explain: Basics to get from the seller are motivation to sell, condition of the property, timeline to sell, and their price.

The passive loss rules for rental RE do let you offset some of your W2 income while offsetting most of the costs to own the RE and ideally while it is appreciating.

The A/C unit was replaced about 7-8 years ago.Details:Built: 2002Square footage: 1725Rooms: 4br/2.5baOriginal price: $145,000Estimated current appraisal: 325,000Rent: $1800Current mortgage: $91,000We have been doing quite a bit of research on beginning to invest (read Brandon Turner's book on creative financing, reading David Greene's BRRRR book, watching a ton of YouTube videos, listening to podcasts, etc.) using the BRRRR strategy and are about to get a HELOC on the above property to use to buy our first (and subsequent) properties. 

So that's a long escrow, but that would be ideal for us to take the building vacant.

The first thing to know is who is your ideal tenant, how do they look for properties, and what is important to them.