The best way to get experience is to do the thing.

Quote from @Roger Simons: Quote from @Jay Hinrichs: Quote from @V.G Jason: You don't need a coach; you need to do the research yourself. 

They do this on purpose so new people get tripped up in the process and quit.

You likely only made a down payment of 3-20% ....but you still get to write it off on the full value across 27.5 years.So 400k/27.5 = 14,000 ish a year of a write off where during the year you didn't need to incur an actual expense, no cash outflow. 

If you live in Frisco, everything you want to do is in the area. 

Quote from @Jaikevis Reams: In order to put a property under contract I need to provide proof of funds I know that I can get that from a hard money lender but I don’t meet there criteria for a loan approval what should I do? 

How long it takes to be financially ready is different for everyone.

I will have about 200k-250k cash from it.

In my experience, you either put the hours in up front or at the end, but either way you (or someone on your team) has to do it.

how much land and how much money do you have?