Every one here brought some very valuable information.

@Kate Johnson, I would imagine Joel Owens will give his valuable input shortly.  

When you have a good deal, it will give you confidence that you are on a mission to provide a valuable service for people to earn a great return on their money that they probably would not find elsewhere.  

I'm very new to this so some guidance would help.

[name, firm, Real Estate Broker, phone #]I've never considered that tenants are "throwing away monthly rent payments" as they are receiving valuable goods and service in exchange for the rent they pay.

Just wondering if everyone else is putting out a lot of official offers, or if we should keep it verbal until we have someone look at the house. thanks for any guidance/advice.

I live in the UK so any advice and guidance would be appreciated. 

but am looking for guidance as I begin this venture.Generally, what is the first step one should take towards renting a house?

Portfolio lenders can also be a valuable source of advice and guidance as they are typically looking for a long term relationship with quality people.  

Thank you for the welcome and the valuable information I will take advantage of it and am looking forward to meeting new people and hopefully some hand on experience...