Know the market you are investing in.  This is a critical component. You should know what houses are selling for and what rents are. If i were to ask you what a 3 bed 2 bath 2000 sqf home on an average lot is selling for and renting for you should know the answer off the top of your head. 

Educate yourself with some podcasts, books, and the forums. Figure out what type of strategy you want to do , ie - house hack, brrrrr, wholesale, seller finance, etc 

If you have any follow up questions tag me in a reply or shoot me a PM 

@Victor Awaga

Of course! Purchasing your first investment property is a thrilling journey, but you should take caution and prepare well. The following are some essential tips:

Define Your Investment Goals
Set a Budget
Research the Market
Start Small
Financing
Network and Seek Advice
Location Matters
Inspect the Property
Understand the Numbers
Have an Exit Strategy
Legal Considerations
Stay Patient

A word of caution: every real estate market is different, so what works in one place might not work in else. It's important to conduct due research and consult with seasoned real estate agents or investors in your particular market. 

I hope your first investment property goes well!

@Victor Awaga

Research and find a market that suits you, what's your goal? Cash flow? Appreciation? Do you want it to be more passive or more active? MTR/STR vs LTR. What property type? Multi or Single family? What's your budget? $100k, $500k?

Crystal Clear Criteria. Define your goals and what you need to achieve and works backwards with how much money you have to deploy. Find a market that suits or matches that. Find an investor friendly agent in that market (BP Agent Finder tool), lean on them.

Track your properties, analyze, when that property comes up that meets your criteria, go get it!