Study what needs to be done to learn everything you need to know about the rehab process, vetting contractors, managing debt, vetting tenants, taking rent.

Quote from @Tim Davis: In the process of putting a deal together for an 29 unit apartment building on my property.

I'm in the process of exploring my options for obtaining a very short term bridge loan (30-90 days) and am reaching out for some guidance and recommendations. 

It takes several steps out of the traditional process of setting up a phone appointment.

Current legislation is trying to undermine that stability, but with proper guidance (I suggest hiring a good PMC unless you're an attorney and you know all the current landlord/tenant laws) you should do well. $50/month cash flow is fine. 

I agree with @Michael Baum and @Sarah KensingerWhat you will gain on name recognition from the big company name will be lost by people fearing that a big name company is unable to care for their property as a smaller company can.The loss of marketing and accounting systems can be replaced by hiring a company like Vintory and a Bookkeeper through a CPA. 

You'll have a bit of a vacancy, but if you can get the property marketed and turned over quickly, it will be minimal.Do a pre-move out walk through so you have an idea of what you need to do and if you need to hire anyone after they move out. 

Things that will help in the process:1.

Im also looking to signing up for a real estate class online to try to start the process for get my license(if you have any recommendations please let me know ).1.Is there anything I should know before applying for my first loan?

@Jonathan Rivera we've taken over management of 100s of supposedly turnkey rental properties.Two biggest issues:1) Turnkey PM sevices were terrible, hence why we got hired.2) We do a TakeOver Evaluation Video that ALWAYS shows subpar turnkey work and not uncommon to find work that was never done.So, we recommend owners find a beatup property and have it renovated themselves.