You might miss a good one or two but you will miss many, many more bad ones.

If they are a great tenant (i.e keep the place clean and no problems except money) you might want to consider keeping the tenant and create a payment plan for the missed month.Could ask for a minimum/partial payment partial payment for December and then spread the amount owing across the remainder of the lease....benefit here is that you can ask for a higher minimum payment the next month since the rent will be slightly higher.

Am I missing anything?).

If you've got financing options lined up than the next step is to get a connection who can put properties in front of you, so you can start running numbers on the properties to find a great deal.Unless I've missed the point of the question, my answer is to start doing calculations on specific properties on the market to find the best deal and don't emphasize the style too much.Full disclosure, I'm a licensed Realtor working in Orlando, so let me know how I may help.

Here's a couple I would start with:"The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss" by Ken McElroy (http://amzn.to/HdXVf1 on Amazon).

There is something missing from the details but as most of these types of programs, they are not worth spending time figuring it out.

Wow, good catch Steve, I missed that and no, you know I don't suggest such things, thanks.Well, horsefeathers!

Also, start reaching out to folks (check out BiggerPockets.com/meet for local people) and if you haven't, don't miss Ultimate Beginner's Guide to Real Estate Investing and the BiggerPockets Podcast, especially the episode with @Ben Leybovich , which I think you'll find especially motivating.

I already have my first hiccup that has come up with missing garbage/recycling bins but I have a uncle close by to help me out with this issue.

I looked at the check and envelope and it was postmarked a month earlier and was the missing check.