There are all kinds of deals out of your back yard you will discover here on B/P. or somewhere I am sure.

You would think a normal property management would have walked the unit and discovered it (especially when they claim to offer a free initial inspection).  

Also places like Prosper, Discover Personal Loans, Lending Club, etc have fair rates for little loans.

BP has great meetups as Marlon said and a lot of other great resources as you're discovering.

As it turned out with the first note, I ended up placing forced placed insurance on the home after several letters requesting proof of insurance were sent to the borrower with no insurance info provided.The reason I asked this is that it would just be my rotten luck that the house would burn down somewhere between the time that I discover that the borrower was uninsured and the time that I was initiating forced placed insurance.

Discover what YOU LOVE to do, and follow it.

I have watched a few youtube videos and read some articles but still feel like there is some secret voodoo to all this.

I've discovered how to add value to my rental.

Is there some secret method of getting hold of REO's to market off the MLS, that only Tiffany has ever come across?...

Due to my entrepreneurial friends recommending me some books such as Rich Dad Poor Dad, I have realised the great need to have passive income, and haphazardly discovered my passion for REI.