In our still relatively limited experience, seller financiers are usually looking to get a higher asking price in exchange for the favor of the private loan. 

Based on my experience of running properties, even if the build were to cost you as much as $600k but you could generate $125k/year, you'd be very happy with that investment. 

My advice would be to start small with your first deals to gain experience before scaling up.

Being young will present challenges in a field where experience is highly valued not just with lenders.

You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

In order to get there it would be good if you could keep feeding cashflow proceeds back into acquisitions, on top of your continued W2.Speaking from experience, you can manage probably 30-50 units yourself nights and weekends before you really need to hire someone.

I don't have that experience or too much knowledge outside of my own research.

If that's my experience in a small town, I suspect it's probably everywhere.

Not having experience qualifying prospects I would think that the leads you would get from here, if any, would be..... challenging. 

Should I gamble on this or look into how to file a class action lawsuit against the State of California and the Judicial Council?