First deal: need advice to get over nerves

[Lisa Irimata]

I recently read the Long Distance Real Estate Investing book by David Greene and am really interested in investing out of state. I have been analyzing properties out of state to BRRRR for about . During my search my agent sent me a foreclosure property, I ran the numbers as a BRRRR deal and they didn't work so I told my agent I wasn't interested. A couple days passed and I couldn't get the property out of my mind. I went back and ran the numbers as a fix and flip. Running the numbers this deal makes sense but I'm nervous! I'd need to take out a hard money loan to cover purchasing the property and the rehab costs and I've never managed a fix and flip before. I don't want to get caught up in analysis paralysis but it's tough.

Do you think a fix and flip is a wise choice as a newbie investor with very little experience? Any advice on how you took the leap to complete your first deal?