Returning to RE: Learning thus far I'm I on the right track?

[Neil Polehn]

I want to jump back in and do that first deal so bad I can taste it, like the turkey cooking in the oven, but every choice I make limits the next set of possible choices so I need to do it right from the beginning. The easy route is to nice turnkey cash flow deal with decent return and move on to the next one with my 500K budget. Though with only 10 consumer loans available and three used up, how many deals of $200 a month positive cash flow can I afford to do and is that really the best ROI i can do?

I have been spending about 3-10 hours a day reading and educating myself on RE, and I realized I really didnt know what I didnt know.  I also am from Ca, so out of state is a likely option.  In which case should i try to value add by doing a brrrr, or go with a partner, and how do I find  a partner? Where should I go to really drill down, learn the market and build network that's a balance between inventory, appreciation, and cash flow?  It's easy to find one or two of the three, but all three is a challenge it seems like and everyone has their opinion.

I am thinking I need to find a process that fits me, as I am good at analysis, but I'm not a salesman.  Then I need to find a location that gives the most chance of success, where I can start drilling down into the submarkets.  After a couple weeks of research this is where I am at, does any of this make sense?  Or should I "go fish".  Thanks!

Neil

[Mike Dymski]

Determine your target market and start analyzing real opportunities.  That will take you farther and faster than the books.  There are thousands of BP posts on market selection...just have to go to work on this one.  Then make decisions with the best information you have at the time and pivot as you go.  Many of the answers to your questions lie in taking action (real analysis and offers).