[/list:u]I think some of my problem is fear and I always feel like whatever I do is not good enough.. which keeps me trying to get better but can also hold me back mentally...

I naturally stayed close contact with him to see how things were going, then I drove to where he lived (4 hours away) to actually have a look at things, mainly b/c he wanted me to lend him the money to fix up a place.He got a home for $30k, comps in the area were going for 80k, he said, and he made the deal as quickly as possible because his whole mentality was getting things as done as fast as lightning.

The basic troubleshooting of electrical saved me several service calls and I changed out exhaust fans myself after that.

Sometimes it is very hard to get rid of that backwoods mentality, especially after a drinks of Dewar's.. :)Thanks again for the great advice.

A lot of horror stories come from “low income†mentality.

Welcome to BiggerPockets Alex.Here is a link to a very exhaustive thread that should answer most if not all of the questions you listed above.http://www.biggerpockets.com/forums/12/topics/19967-can-someone-please-explain-this-5-rule-to-me-?

Just don't buy anything Larry does has a pretty good course for wholesaling.I would spent lots of time on this site researching.The very first thing I would do is get the mentality of REI.

:idea: As a country, we are toast if this guy is the guiding force in young minds.The "it takes a village" mentality is horse hockey

Exhaust all possible ways in order to exponentially increase the number of buyers who might come across with your ads.In addition, it's better to have the complete description of the property for sale.

Is there any way that an ordinary individual can get access to exhaustive mls listings for a certain area?