We are about 2 of the 7 years into refinancing in the new interest rate levels.  

I think, the first, is understanding your goals, resources, and skill set.

Would we be able to spend $1k in aquisition costs to get to that level?

You do that with skill, time, and reputation.

But, you need to understand the intensity, time commitment, capital needed, and skill set required.  

Again, others might feel differently here.3) property level due diligence: (takes seconds to weeks per deal): here is where I drill in with the low-level details.a) pro forma popping: I examine all the assumptions, and see if they are overoptimistic or not.

Homes that get more winter weather need a different level of upkeep, but nothing more than a regular home needs that is built for their specific area.

totally learning as much as I can from others cuz I am still young and don't need much money for now all I can and want to do is that absorbing knoledge and skills from the peoples like you who already doing it but I do wanna stand on my own one day and run my own business.

Quote from @Stuart Udis: The natural buyer of the entry level SF homes have limited cash and therefore the biggest obstacle they face is funds to close.

If he has a heavy interest at 15/16 I would be curious if there is entry level or internships for him to get into, whether that's with a wholesaler, agent, property manager, etc.