There is a reason we keep going to Bigger Pockets for our Landlording articles--they are constantly putting up some pretty great stuff. Here is a great post from them detailing the steps to get that first rental property. They even have a video to explain it for you!
I won't paste the video in because I want you to pull it from their site, but I will tell you that I endorse this method. Step One, getting pre-approved for your financing, is a big one. No point in looking at $100,000 rentals if you won't get a mortgage on them.
Link:
http://www.biggerpockets.com/renewsblog/2014/03/08/buy-rental-property/
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