Is this a good idea for a newbie investor?

[Sterling Brown]

I always hear to grab a mentor, well I have this idea for something and I was wondering if there's already a process in place for it. It ensures competency and confidence in learning the trade. I can and have read many real estate investing books and could all day but being a very visual learner, context comes to me with live examples.

Concept: Basically shadowing an investor in All aspects of a deal, from exploration to first tenant using the mentee's(me) money.

This could happen one of two ways:

I am the billfold. An experienced investor takes me along for the ride of finding me a worthy deal, from talking to agents, talking to lenders, making offers, doing the rehab (talking to contractors/handymen) find the PM/tenants... Beginning to end just so I can see a live yet somewhat controlled example of the process through the actions of an experienced investor on my first property. Of course to add value to the transaction betwixt the two, we could agree before hand on a 1-3% of the valuation of the home at closing or at ARV as an incentive for their trouble.

Or...

For a fee someone let's me tag along to on one of their own deals beginning to end, ins and outs like above to see the live process of acquiring a property.

Yes I lose out on some extra change in the end but the live experience to me would be so worth it going forward

Does this process make sense and are people already doing this?