Also I know this was just part of the example, but I don’t put disposals in my rentals because I’ve heard a few horror stories about what can be sent down them by tenants (aquarium gravel and boot mud were my favorites).

Then start reading the "favorite real estate books" that are mentioned.My best advice for anyone if I had to chose for them.- Cut your expenses- Save up some money - Buy a house that needs some minor updates, and beats the 1% rule for renting, in a decent area.Good Luck!

(Appartments.com is one of my favorite resources when developing a basic understanding of the rent market of where Im trying to invest.)Private Inspections are a cheap investment and are another great resource on understanding if what you're buying is "lipstick on a pig" or a built to last investment. 

My goal is to own luxury apartment complexes down the road.My Favorite Business Book: Rich Dad Poor DadMy Favorite Real Estate Related Book: The Book on Rental Property Investing by Brandon TurnerHobbies/Interests: College Football, MLB, NBA, NFL, architecture, The Office, golf, surfingContact: I am very responsive to my email which can be found on my profile.Thanks a lot and I hope to meet and learn from some of you.

Self employed tenants are amongst my favorites.

If all else fails, I suggest you take counsel from George Carlin, my favorite (warning: NSFW language):https://www.youtube.com/watch?

It will take you almost 125 years for it to equal the practical value.Your asset isn't the property...it's your cash, and the free money (gifted equity) that is buried somewhere on the house...dead. 

Do you have any favorite resources or tools that you would recommend to help me understand the process better? 

What are some of your favorite contract stipulations when you make an offer on a rental?

Zeke Elliot may be my favorite RB of all time and I absolutely have his jersey.