Something that our tenant can sign on the condition of the rental.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

So much I can tell you about RE investing both in SoCal (mostly flip and development) and out of state (rentals).

I don’t see a rental investment strategy posed in the question here, but it is true that the ratio only has to be 1:1 More details would help tremendously 

So all the rental income is passive for tax purposes. 

I work full-time as a CPA audit manager at a Big 4 public accounting firm, and in my free time I would love to help and learn from an experienced investor with strategies similar to what I’m interested in (appreciation, single family (potential multi family), mid-term rental (potential short-term)).Open to any advice as well on how to make my first leap into actual investing!

We finally decided that we want to try to buy our first rental property.

Find somewhere property prices are lower, and rental yields are higher.

@Sydney Scherer, I'm sure a lot of people would recommend LVP or even tile as replacement flooring, but for rentals in kitchens especially I actually like peel & stick vinyl floors.

If you do that, THEN you'll have a team, and you won't need to fly out for every showing.I own rentals both where I live and out of state.