I wouldn't listen to people criticizing your process.

Scaling (repeating) is critical to creating wealth.

Yes you are buying high, but that's why the area you build in is critical so it cash flows and appreciates. 

At the risk of sounding too critical I would encourage you to think about what you could have determined prior to purchasing the property and use it as a learning opportunity for the next one!

Needless to say, I’m ready to get going.I was looking for advice in general on how to get started and am willing to take any criticism on my strategy.

When average age of our properties are 1950s through 1970s; it is critical to keep the SOW very detailed.

Those are just the kind of critical questions I was looking for. 

When you go, it’s best if you take your property manager with you.Your tour is critical in the process.

Since Nevada has no state income tax, your need for a CPA that is local shouldn't be too critical. 

Assuming you are only considering locations where property prices are increasing at or above the rate of inflation, I would proceed as illustrated below.I will mention one other consideration since it is critical - in order to have a profitable property, you must keep your property continuously occupied by a good tenant.