My first action would be to go to VRBO and look at various areas of the state - the national and state parks, etc.

You got me through English class (obviously).

First, I'd recommend getting to know what different avenues you have such as wholesaling, buy and hold, developing, "house-hack", etc and seeing what you're comfortable with.

They will be filing my 1099 for me to the IRS.In general, what tips and recommendations do you have that I should keep in mind in my first year of renting, and for a first time, hands-off landlord?

Quote from @Shaylynn O'Leary: Hi everyone,  I'm a new investor looking to purchase my first investment here in the next few months.

You may not like the space so it may be better to put your foot in the water first.

Hi my name is Alexandria and I was wondering if you mind answering a few questions about real estate investing. this will be completely confidential and it's for my class and possibly a future career.

This is an email I just received from their rep:"The initial appraisal cost would be paid by ReadyCap but the expense would be taken from any from the sale/refinance and settlement to release the lien.The plan would be to determine the amount of equity based on the updated appraisal and first lien and then negotiate a settlement with you for the release of the lien.

The dilemma i have is that I can’t decide if it makes more sense to embrace the c class identity this property gives the impression of, or put a lot more into the renovation, get better quality tenants and convert it to the B class property that the building (and the area) should/could be. 90% occupied, the yearly rental income is around 600k with 420k NOI. 

And by that is really looking for a med- higher class properties with med- higher class tenants.