I have done six plus flips and done well with that. 

You'll need to search for homes, understand the market, meet the right people, check who you're renting to, manage your property well, and keep money aside for surprises. 

Hi Sam, If the property is priced well and there is an expectation of a handful of offers that you would be competing against, it may be helpful to work with a lender can issue an expedited commitment on the loan within 24-28 hours of getting into contract. 

Welcome Patrick,I as well felt overwhelmed with REI and BP.

Things I've got down to minimal effort or fully automated: * Rent, security deposit, and fee collection* Basic accounting and tax packet creation* Listing vacancies* Lease signing* Applications, credit, and background checksThings I'm still dealing with directly ad-hoc or don't have a well defined process or solution in place for:* Requests and communication with tenants* Finding and coordinating service providers for maintenance and repair work* Scheduling showings and getting prospective tenants to make their appointments* Tenant turnover for move in and out* Keeping up with legal changes and lease template updates* Setting rent amounts* Lease enforcement - tenants are responsible for things like yardwork, routinely get letters from the city about weeds / tall grass, etc.Questions for the group:* What am I missing if I were to make out a checklist of an "automated property"?

It positions you well for real estate success but don't stop there, explore different investment options and build connections with people in the field.

The Casino was packed but not many people shopping around the town or at the beach.

We would love to turn it into a rental one of these days as well!

This buying a 3 or 4 unit approach works very well as a first time buyer.

I am a small landlord and am wondering as well if getting rid of one or 2 water meters might be the only thing I could do, and then have the water account in my name so I can track usage?