The sander in the picture is maybe a little slower, but it has a lot more forgiveness for inexperience (if you are inexperienced).  

Maybe it's the inexperience on my end.  

After your personnel finances are in good standings and you have the required funds to allow for you to purchase your first *great* deal you have set yourself up for success and you will find as you go along and as you learn more and more you will shake your head at some of the different ways people are making money off of the inexperience and sometime naïve investors.

If the investor is experienced, they will pick up on your inexperience in an instant. 

Pardon my inexperience!

That being said, I am telling you from an inexperience investor, that you have several "rules of thumb" to helpyou to go further on an investment.

If I don't put the time, effort, risk and energy into real estate because of my fears, inexperience and financial road blocks, I will never gain the rewards.

Your biggest risk by far is going to be inexperience.

In this case, each phase is usually put out to bid separately.This sounds like a difficult project to oversee from a distance given your inexperience in the construction phase.

James We have located a couple of properties but have not taken it any further due to inexperience and lack of money or investors