Take in-place leases and expenses, forecast stabilized rents and expenses, understand the financing requirements (LTV, DSCR, reserves, net worth, liquidity covenants, etc).  

It will take 6 years to buy another home and by that time you will have had a tenant destroy the other place and lose all that cash flow.

The value we add are the tenants we put in place. 

Ah, y'know..... if the annual yearly inspection shows the place to be in spic n span condition, you only raise the rent 1/2 of inflation....Anything else you want to add to make sure that they are treating the property the way you want....

if you're looking for high-cashflow areas, for LTRs, the midwest seems to be the place to be. but if you're doing MTR or STR strategies, the shenandoah area might be the next hot spot for mountainous STR markets. wholesaling is a ton of work up front & i feel like a smaller % of people succeed in it, vs the larger % of people who succeed with actually buying rental properties. 

Find a property manager you can work with, buy a place, have them rent it out and deal with the tenants. 

In places like NYC, where the rental vacancy rate is below 1%, all the power is with the landlord and this will drive prices up.

Pay a small fee for advice and use it as leverage to get your PM to do what they should be doing in the first place. 

Okay, so someone takes the time to organize a meeting, set up a time and place to have it, schedules a speaker and you are surprised when they try to sell something?

@Danny Van- thanks  1) if you have some equity in the property - you might consider getting a HELOC in place now  in case you  want to use any  equity in the future ...Its  easier to get a heloc in place on a primary home as compared to a rental  2) contact your insurance agent and  ask for an  estimate for how the insurance coverage and premium will  change  3) consider  a proeprty management firm if you dont want to  self  manage  4)  get any forms and  processes  in place  (  leases / credit checks / bank accounts/  etc ....)