John,

This is true, the real work begins AFTER you buy your rental property.  There are a lot of things to be handled and if you aren't organized from the beginning, you can quickly drown yourself in problems and headaches.

I always suggest obtaining a mentor if you insist on handling the property yourself - someone that truly knows what they are doing (trust me, many people THINK they know, but don't - I was one of them for a long time!)  Experience and staying on top of the laws in your state are the best tools you can ever have at your disposal.

I have also been able to automate all of my paperwork - rental applications, lease agreements, evictions, etc... I would encourage any landlord to investigate EZ Landlord Forms - they are the only site I've found that have state compliant lease agreements.

Anyway, thanks for the tip!

As per my perception, online research is important and will prove to be a better option for you. Another, you can opt also To involve a real estate broker or agent. It could be a  better choice.

Allvira,
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Venue Finders

are you looking for good investment property, or good property for investment?
if the latter than i think it is mostly about being in the right place at the right time.
if the former, than i suggest you read as much as you can find.