While reading the book helps: Experienced contractors local to an area know a lot more about what's ininvolved on a rehab and can estimate much more accurately than just going off a book. experience is key in that aspect. 

However, moving to a purpose built rental management software was a huge step forward in almost every aspect. 

@Shawn Ziegaus Screening tenants in my opinion is the most important aspect of REI especially for first timers.

Alternative/Creative investor financing to supplement what I've savedMore resources to learn and strategize a plan of actionNewbie strategies on Deal reviewTools to choose OOS markets to invest inOpinions on small investor partnershipsAny and all input on these matters would be gratefully appreciated.Warmly, Michael

I guess that's what separates those who just want it from those who REALLY want it.As I previously stated marketing is DEFINITELY the most essential aspect of the business.

Does he specialize in real estate trend or other economics aspects too?  

This would satisfy the exchange but then leave you vulnerable jn the negotiations with the seller and not in control of all aspects of the workmanship unless very strongly negotiated.The bottom line for you here is yes there are several ways to do this.  

Lo and behold, I found an interesting podcast, with many aspects of what real estate entailed, that made almost no sense to me.

Am hoping some rental property owners who can share their tenant’s view in this aspect.

For someone with little experience, I'd recommend you try to re-focus your energies on one of the more traditional aspects of investing (just my $.02).Good luck, and I hope that we can help you to find some success in real estate!