I have no investment experience, only stock market and IRA’s, but I hope to learn a lot from professionals on this forum.

You can learn by watching a professional manage the property.

Be careful about the advice of others when it comes to your RE investing future. 

I plan to put down $50,000 and expect to net about $300 a month from it.Does anyone have other options or advice that I should consider?

I don't have much advice as now the profits are gone and it seems like the best thing to do is to get your money out the deal and move on.  

No reason for me to go the through the hassle of the sale process unless there is some type of gain which the investor is open to and this is where I need the advice.

I'm looking for advice on whether I should purchase my father-in-law's 6 unit apartment in Burien, WA (10 minutes south of Seattle) as my first deal, or perhaps help find him a seller that would pay more than I could and is a couple years ahead of me in REI. 

The owners refused my advice to reduce price and they both sat vacant for months.

Just be sure to be prepared to get legal advice if you run into grey areas that you are not well versed in to avoid legal implications.

I’ve been exploring buy and hold opportunities in my area, and I recently came across a situation I’d like some advice on.I’ve come across a property in my area that I’m very interested in, but I want to make sure I approach the situation the right way.