Tankless water heaters run only on-demand and require a tremendous amount of power to heat water quickly.

Just make sure you are comfortable that even when the economy declines you are still in a comfortable position should you have to take that property back.Lauren Prichard, CEOAborn Powers/Aborn Homes

Any thoughts or advice on what to focus on or questions to ask? 

I would prepare an agreement for mutual rescission of the lease and refund her $ once she signs it... and would do everything in my power to prevent her from taking possession.

Luke Kwon Congrats to your decision on wanting to focus on real estate as a vehicle to reach more financial liberty and thus freedom of choice.

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

Far better to resolve before it gets that far.Right now, the bank will talk to anyone on the loan, anyone on the title or anyone who can show a Power of Attorney for anyone on the loan or on the title or a properly executed probate.

Through multiple layers of hearsay, I have learned that the major player here in my neighborhood has stated that he will no longer develop rental units and instead focus on commercial. 

Im currently focusing on wholesaling but would love to learn from different investors to gain more knowledge about the market.

As i have no ties to any local area, i would be flexible in my area of investment, so where would you recommend me focusing on?