I used to do essentially free consulting with new investors on it but gave it up for some of the same reasons - everyone thinks you can just sit at home and buy good properties across the country that are in great shape. 

Suggesting to them buying their house for a wholesale range offer or lower dependent on the extent of the rehab, then having a contract in place that gives them a percentage of the profit to help get them back on their feet, paying off debts etc.

My PPR note fund investment is a little different in that you can buy some notes from PPR and pay for the PPR notes using your Fund investment. 

@Dennis Bragg, how did you factor improvements and market appreciation into the buy-back price?

It will be even harder as a young person with no life experience, and particularly no experience buying real estate. 

Quote from @Luis Herna: Let say I am a licensed real estate agent in oklahoma and there is one buyer in new York wanting to buy a property in Texas.

Some 'ting fishy and smell of foul odor.ARV of $375,000 and buying for $103,000?

IE becoming a MFR landlord you do need some training.Its just like when you buy a franchise you have to go to their training so you learn how to cook the burgers right and so on and so forth.

Quote from @Jaron Walling: @Kane Spangler There's a since of pressure to build or buy RE in your post.

You may also want to consider buying this as a primary and living in it for a year.