Thanks a lot guys for your time and feedback.

Make sure to read the Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing

But, I figured joining this site and reading the wealth of information on here is a good way to keep moving forward.

As other have said, read the forums, listen to the Podcasts and read the blogs.I would also recommend the local REIA - www.digonline.orgIn fact, this Thurs evening there is a large exhibit being held by the REIA where there will be over 65 vendors including lenders.

Monthly as a landlord is not without it's own particular of challenges, So read up on the landlord forum in BP.

Read your lease.

I understand youre not a lawyer but id appreciate any feedback on this.

I understand youre not a lawyer but id appreciate any feedback on this.

Yes, there's a lot of good If you get a chance, I'd read through The Ultimate Beginner's Guide and I wouldn't worry about trying to learn everything at once or before you make the first step.

@Andrew R. the NRW 91-01: Withholding on Sale of Real Property by Nonresidents is a good link - I went to bookmark it and found I had already done so in 2012 :)My understanding is that it's "withholding" meaning the seller may get some or all of it back once s/he/they file a tax return in Rhode Island for that year.Also a close reading mentions a possible exemption for sellers 55+"In the event that the sale of the property by a nonresident will not be subject to tax under Sections 121 (One-Time Exclusion - Over 55 Principal Residents)... the nonresident seller must make the gain election and file the RI Form 71.3 Election even though no withholding need be made""If the property Martha was selling was her residence and if she otherwise qualified and intends to treat the sale under Section 121 of the Internal Revenue Code (one Time Exclusion Over 55 Principal Residence), she would still have to file the election form 20 days before the closing but would complete the election form and use the special types of transactions area on the back.