I have a methodology that has helped me cash flow on all my properties since my first property acquisition (85k property, aquired for 67k, total closing costs 950.00)Before making an offer on a property put it's address in www.rentometer.com to get the market rents, cross reference that info with a conversation with a highly successful area realtor and let that data guide your purchase decisions and you will always cash flow.

If you haven't yet, be sure to check out the The Ultimate Beginner's Guide to Real Estate Investing and The BiggerPockets Podcast.

Pick an area you want to farm and send postcards via EDDM (Every Door Direct Mail) offering a home seller's guide.  

Time to build the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

Be sure to read through The Ultimate Beginner's Guide to Real Estate Investing to help you get started.By the way - here are my favorite articles on Wholesaling: 9 Reasons You Couldn’t Find A Buyer For Your Wholesale DealDon’t Start Wholesaling Until You Read This: Wholesale Advice from a Fix and FlipperHow to Start Wholesaling: Getting Past The Education and Into the FieldFinally -be sure to setup some keyword alerts - especially for "Chino Hills" so you can jump into local conversations.See you around the forums!

Since you are new check out the Ultimate Free Beginners Guide

It's not recognized in New York state but the right lawyer can guide you.

Check out a few of the ultimate guide articles on BP

Lots of info you could have read to guide you and protect you in advance. 

just fyi- I already rent Brandon Turner's ultimate guide to finding renters.