What made you think this person had no experience whatsoever and didn't own their own home? 

I personally use Bnbcalc: https://bnbcalc.com/?

Quote from @Mathew Chacko: Quote from @Na Person:  I too was a little skeptical of sending a large cash payment to an unlicensed entity (1031 facilitators do not need a license). 

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

Personally, I like to target 30% equity retention in each deal.- Section 8 income isn't guaranteed.

What method of financing did you use? 

@Dustin Horner you should be contracting maintenance work and creating a preferred list of vendors as @Phillip Austin has recommended.The first person you hire to help you should be to handle what you LEAST like to do yourself or has the greatest time savings for you!

Since the LTV on the hard money loan is high , I would personally purchase it using a bank statement loan at 85% LTV (15 percent down) and, as you mentioned, just use your cash for the rehab.

Being a curious person, I gained an interest in real estate investing due to other classmates being interested in real estate.

I have personally invested in both turn-key and value-added properties.