From what I got so far

[Phil Beck]

From my studies I have learned to compare the area to the house you want. Let's say you want to flip you compare the area and the cost of renovation for the house to see what the return would be after sell plus what other houses have that buyers like. Don't buy commercial property as a beginner due to needing some money to pay for the loan for a year or more since it takes time to find a renter. Even commercial/residential may not be a good idea especially if you move into the residential. 

So far when it comes to financing you need some money to put down. I have yet to find a way to start without money. I keep studying, reading blogs and taking free webinars. Real estate investing is like chess you got to be ready to move while also figuring out your next move. Since I don't have financing I have to gather info and be ready for when I do then figure out what move to make. 

It is wiser to make a calculated move than to blindly make a move.