The book is useful for understanding how to structure deals, assess risks, and think like a lender, rather than just an investor.Pair this with engaging in forums like this one and attending local meetups to put what you learn into practice.

Tell her to talk to her managing broker about it if she doesn't understand.  

That attorney should have creditor rights background in the state to understand what you can and cannot do. 

Be sure to work with an agent or broker who understands your local market, and consult with a professional who understands all applicable tenants-rights laws related to your transaction.

Understand your costs and the value of your tenants before negotiating lease increases. 

But I appreciate that those who have found their footing in real estate and are doing it successfully want us newbies to understand it takes work and at least some capital.

As I am considering my offer, I am trying to understand how much to budget for attorney, title/closing costs etc? 

I'd like to understand which is the better option between these two and the reasoning behind it. 

I just did my first land deal, went to the builder for advice due to not understanding the process and how to price in that area.

If people want an area to build with understanding day 1 may not cash flow but in 10 years you will be in a really good spot the area I believe is perfect for that.