I purchased and renovated a house with a separate legal mother/daughter apartment that I am preparing to Airbnb here in Central NJ. 

we pay a LOT of money for legal advice, legal document preparation, etc., the result is that we aren’t challenged when we need to take ownership if the borrower can’t perform.    

And it's helping me keep my transactions organized so I'm prepared for tax season.

The inventory is also very old, so prepare for heavy Capex (but it sounds like youre ready for that anyway).

Submitting real offers that you feel confident actually closing on and having a strong sponsor to work with that has a track record will go much further towards you winning deals.In short, you can pursue larger deals right out of the gate if you want to, but generally expect that it'll take you longer to win one and make sure you have the right players on your team so that you're prepared to win them and to close them once you do.

House hacking is a fantastic way to start, but preparation is key.

Be prepared to have all of your lovely STR furniture ruined with a LTR tenant. 

So I've been getting into real estate and found out about wholesaling and I'm 16, I've been studying and taking notes about the fundamentals and basics of wholesaling, I've decided to start saving up till I'm 18 for when I start wholesaling to be prepared.

If you’re not prepared to put in the work, even the best coach in the world won’t be able to help you.

But be prepared because you are probably dealing with a professional tenant.