If you bought a SFR or rented one then you would be paying 100% of the expenses involved.

Get involved in networking....virtually but in person also. 

Are there books, Podcasts or ways that I can study about how it's done and the details involved.

As a foreign investor I think you will need to leave 35% of the profits parked with the IRS until tax time - which means you'll have to file some sort of US tax return.

@Nathan Wiebe If you have been filling your US taxes and have an established/current US credit file, then you would be able to get conventional Freddie/Fannie financing.

You will NOT save any money by operating with an LLC, indeed there are startup & operating costs involved (not large), which means having an LLC will actually cost you more than not having one (outside of any liability related issues).

I just did my entire rental with the Lifeproof planks....its really easy to work with.You can easily trim/grind/file the material to fit tight up to the edge of the tub.....its just going to be tedious to do.

Be sure to get your county rental inspection from a licensed inspector and file that and the few other forms with the county. 

A few things to think about if you do decide to invest out of state:How involved in the process do you want to be?

For instance, this particular deal I'm currently involved with is located in the Unincorporated Lake County area.