You don't need to know everything to get started; you need a foundation to build on and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

Build the foundation from the beginning right and the castle you build will weather any storm. 

Consulting with legal and financial professionals will help protect both your interests and create a solid foundation for the partnership.

Congrats on your graduation and your solid foundation in finance!

Replacement Cost:  the cost to rebuild the structure from the foundation up with the same kind and quality. 

Our ultimate goal is to invest in rental properties, which will not only secure our financial future but also provide a stable foundation for our children. 

to give some feedback, you will need to estimate the cost to repair the house; if you don't know how to do that, we just need some  information of what the house needs and the sqft of the propertyIf the house is, as an example, 2500 sqft, and It looks like you are stuck in time back in the 1980s, but the AC is working,  the roof is ok, and there are no foundation, plumbing, or electrical issues; I can assume maybe a $20 per sqft, so the rehab is about $50K to 60KIf the ARV is 290K minus 10% closing/holding costs, - minus 20% profit - $50K rehab, ideally, in this example, I need to buy the house for about $150K to flip it, but as a landlord, I may be able to pay a bit more, as long as rehab is not too much, and rental is about $3,000 to $3,500 a month

Hello @Baron Wheeler,It sounds like you have a great foundation to start out with to continue your investment journey! 

We had the foundation repaired.

They have to know all the loads to design the foundation correctly.