If I have an expense, I'll draw off of the $20k reserve, and use rents to "refill" the $20k reserve before withdrawing my retirement spending money.Thoughts?

But this house, easily comparable to homes around it, which needs no work for the buyer to move in, is plastered on the internet on 1000s of sites. 

You will get better with effort. use the internet to break the ice with local investors first.

Most users pay attention to what is already popular.

Not all lease agreements are created equal; the free/cheap(er) leases found on the internet are generic and sometimes backs you into a corner when you have to enforce them. 

Set up your utilities ASAP and get your internet connection ready! 

A passive approach would be to place a website on the vast ocean of the internet to try and attract. 

I would never presume to advise someone on the Internet on this. 

Hello dear forum users,I just came across biggerpockets and would like to see your opinion on the subject.I am California based (San Francisco Bay area) and can't buy here (more than I already have) since the prices are over the head.In the meantime I am looking to get some dual purpose real estate on the East Coast - to rent it out for covering expenses and to live in for a couple weeks a year.Looking for the areas near ocean/beaches with good weather, so possible FL, NC or TX.Budget caps for $240K with conventional loan for 15years.I am now at the very beginning of looking around and I see the prices start falling so I can wait until the exact moment.I greatly appreciate all your expert suggestions!

Think of the amount of knowledge you learn from your various internet or youtube gurus.