The market here is hot and people should get the most out of it they can, in my opinion (this helps me build trust and credibility).The question I have is, what do I do if I get a deal where I can get the property at a good price (read below retail) and they need to close in less than a week?

Hi all,I am interested in learning as much as I can in the real estate world.  

For my part, I'll continue to gather knowlege from as many sources as possible and probably make a calculated investment, mitagating risk as best as I can in this market.Again, your input is appreciated, keep it coming.  

I am in the process of learning all I can in order to live off a passive income from real estate, or have the majority of my funds come from this occupation.

Today, I use both the traditional spreadsheet method paralleled with Personal Captial.These are the three things I try to track on regular basis in my life. 1) Networth 2) Life Goals : Business, Family, Personal etc.3) Weight / Fat % content 

She would rather bury every penny we have in a coffee can in the back yard than risk any of our earned money.

I am not an experienced investor at all, in fat I own zero properties, but I do happen to know a little bit about finances which may be able to help your current situation.  

If you're wanting to flip properties, I'd suggest getting in with a local real estate agent or appraiser and gain as much local knowledge as you can in order to assess your market area well.

Get as much education as you can about everything, pick one area, then start over and get as much education as you can in that one area. 

Since this is going to be an investment you want to pay the least you can and/or get the best terms you can - low/no down payment, low monthly payment to help cash flow, and some equity going in by getting the lowest price you can in case you want to sell sooner than you want to.