He lives and breathes the 203k, so he's great at walking you through all the details. 

If there's even a minor slip-up from you, you breathe the wrong way, etc...will he just go in ant take the property with zero remorse.  

According to my analogy, if you had been already living in the NC Triangle and finding it hard to find your desired Cap Rate, and wanted to try your luck in LA instead, that would be like "jumping from the frying pan into the fire"...Brent I like your analogiesJoe Henry:I live in LA and it costs a huge amount of money just to breathe here Operating budgets near the water meaning near the pacific  ocean are  9 to 10,000 a month gross for a not so nice apartment and living expensesMy median home price is  around 800,000 for modest houseFlippers are spending 10 to 20,000 a month on marketing because it's so expensiveNorth Carolina I think has great opportunity to get into college housing because of the North Carolina University and state schoolsAlso look at buying on installment sale for free and clear housesAnd for houses with no equity look at lease purchaseI would get licensed and look for problems

If this is true, do this.....breathe.

Take a deep breath and learn as much as you can.  

Why would you think that you without any experience could beat a bunch experts of live, breathe, and sleep this field?

Hey @Ray Jimenez i hear ya. my family is my greatest nay sayers, but in another breath i have gained two that are not laughing so much.  

Its living, breathing and dining with other investors, authors and gurus.One of the best events is an advanced roundtable for a day. 

It's easy, take deep breath, smile and start by driving around neighborhoods and look for vacant houses.

Full of culture, great food, interesting people  - and HUGE hassles trying to get things done or actually reach a living breathing person who will help you get what you need.I was mentioning this to one of my agents this morning.