First step is to study and understand securities laws :)

@Jose Valdez this may sound broad, but study every factor/variable that may have an effect on your investment strategy and specific target market.

AND you must maintain adequate reserves to take care of the disasters that may happen.So my advice- build your equity.

Well maintained, and essentially turnkey.

I build and maintain my own websites so it keeps the costs down.  

I can use the extra cash for improvements or just maintain reserves.Thank you!

My question is what ability we have to enforce certain “policies” such as requirement to maintain renter’s insurance(their leases don’t require it) prescribed method of payment (they currently deliver cash to the landlord’s local bank) or increasing their deposit (some are as low as $100, and one tenant has no deposit at all)?

Study the market.

I am looking for anyone that has tips for maintaining efficiency with high volume of sell.

There is no 'school' to go to....best thing to do is just start studying.....I would get your RE license just to know the language and law.