If you pay more, you won't meet your metrics and will probably have negative cashflow and/or equity.You may have to make 10, 20 or even 100 offers to get one accepted at the price that meets your numbers.This is what all investors did BEFORE the Great Real Estate Crash of 2008-2010.

I have always been interested in real estate and engaged in BiggerPockets loosely while in college at West Virginia University.

Also, about seeing a property in person:  I have found local real estate agents, who are willing to go out and take photos and email to you, for a modest fee.

Jeffrey:I'm connected to a large group in Indy that focuses on buy & hold SF and apartment (commercial) residential real estate. 

When a 21-year-old claims to make $600,000 in his first year of real estate, someone should verify that before sticking a mic in his face and praising his successes.Being on the podcast used to be a big deal.

Admittedly, I am not one that typically finds paid mentorship very valuable, but I also respect that my degree is in business with a focus on real estate, and my first job out of college was in real estate (so it is a little hard for me to take my 20 yrs of knowledge and rewind it to try to view mentors from a completely fresh lens).A couple points: I view mentors, especially these expensive ones as a catch-22. 

A city worker who's also a real estate agent

I myself don't have a lot of appetite for risk which is why I started investing in real estate.

There’s no real way to create phantom losses without running into issues with the IRS, and you could end up losing important tax benefits.

Neither your idea nor turnkey real estate is bad.