Hello,I am recently get involved with a fix and flip (my first one).

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.

I am not sure what type of real estate investing you're considering, but it sounds like, with your family and busy job, you won't have a lot of time to be hands-on or personally involved. 

Quote from @Femi Alakija: As a newbie, I plan to gain a deep understanding of real estate fundamentals, including financing, property evaluation, and market trends. 

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.

It is for the smart intelligent hard-working folks that understand success is in their hands, and with the right tools it can be expedited significantly.

The settl4ement was private, but I bet it was at least $400k knowing the attorney's involved, maybe more. 

Their only involvement will be funding the project. 

If that is so, it behooves you to understand how much that fee is and when it becomes due.

Something to watch if you are mindful of the government being over-involved in nearly every single LLC registration.