Congrats @Ryan BonheyoMany people try to do what you are about to do and it is great strategy.Do a forum search for BRRRR.I can't think of any cons to doing that.

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

I enjoy reading the BP forum and plan to document the entire process to help the next investor avoid some of the mistakes I will undoubtedly make!

I am new to the business, and am looking forward to learning all I can through participating in these forums and meeting excellent people like you!

On another forum, someone argued that buying just one property was a bad idea, stating that it will "drain me" and that you need multiple properties to be successful.

This is my first forum on here and I would be incredibly thankful for any kind of advice on what I'm looking to do.

I have pulled almost ALL of my own money out of them via refinancing and they all cash flow.You are in the envious position of having a property that most people on this forum will NEVER be able to purchase. 

If you typed in the cities - people with those cities in their keyword alerts would come to this post and look to help you out.Biggerpockets also has a local market section - here is a link to the Idaho sectionhttps://www.biggerpockets.com/forums/555-idaho-rea...There are different tax strategies for owner-occupant investors(section 121) and non-owner occupants(1031 exchange).

Many have posted a few great tips already, that's the cool thing about this forum ;-)That said, I highly recommend using the awesome tools provided here on BP to learn the basics of analysis and underwriting.A few tips to get started and your continued learning:Find and connect with other BP members that are in your area.Set up keyword alerts to be notified of the topics that interest you.Read Beginner’s Guide.Check out BP Podcasts.Find upcoming real estate events and meetups near you.If you'd like to tag someone in the conversation, type @ followed by their name and then select the name of that person that appears below the comments box.

(Will be at Lakeview in Harrisonburg tomorrow)In that regards note inventory isn't dead but it's much less accessible and low hanging fruity than it used to be.PS: In the several years that I've been participating on this forum, there is like 1 guy that asked me if I had notes for sale.