If the current tenants are under a lease, you need to wait until the lease is up for renewal to increase the rent (and make sure you give them proper notice). 

The bidding coordinator contacted me for information and ask that I wire the earnest money deposit and upon receiving it they will draw up the contract within 24 hrs.   

I have a number of properties down-valley of Palm Springs proper, and did some research in Big Bear a couple of years ago. 

How much would it cost to manage the property in regards to dollar amount for paying a property manager and also your time and trying to finding a proper tenants have to work in 40-80 hours per week.  

I just don't know what the proper steps are when buying the contract.  

Would like to re-assess needs and coordinate, augment, and/or eliminate these various policies.Curious who has done this type of exercise and how they selected an agent that could do it all. 

Never too many if leveraged properly. you will max out at 10 conventional loans. 20 if married i think.

These associations are incredibly valuable for education, advice, access to legal forms,  screening services, networking,  etc.If there is not already a tenant in place, be sure you understand how to properly and legally screen.   

But, you really should talk to a tax professional about your proper course of action. 

My friend and i are looking for an investment property here in Orlando FL. It will be the first of many properties to come and i want to start off the right way. Can anyone recommend weather we should get the mortgage...