Would you buy a property from your new mentor?

[Ellen Chosnyk]

I'm new to investing. I don't yet have a property but am very close to taking the leap on a single family home. I started my education with books and attending a local REIA meeting. I loved it. I asked the guy who runs it (who's been in the game for 27 or so years and is very successful) if he'd ever consider doing a crash course in the basics so I wouldn't have to wait for a once-a-month meeting. He then offered to be my mentor. I couldn't believe my luck and how easy it was to find a friendly, local expert.

I've gotten a lot out of our sessions and have been so thankful for the opportunity. He recently offered to wholesale me a newly acquired property of his. I like the house. It needs some work but I've run the analysis and it should cash flow an amount I'm aiming for. 

I think going through the whole process for the first time with someone on the "other side" of the deal that I won't be afraid of looking stupid in front of, or being afraid to ask questions, will be incredibly valuable. 

I trust him and believe this to be a good thing but our mentoring relationship is quite new. So that gives me reason to pause. I hope I'm not just being used to close a deal but on the other hand, the knowledge I've acquired so quickly is the whole reason I'm doing this. There's no reason this can't be a good thing for both of us. 

Any insight? Any advice? What are the first steps you would take?