Most of the time, people who have never even made an offer end up with 2-3 submitted LOIs in the first 1-2 weeks, and we celebrate small victories like that to build momentum and confidence. 

You'll never get the confidence to invest from another person or guru.

The lawyer says he is pretty confident but since he has not read the entire lease, he says he can review it at additional cost if needed.

@Josh H. it sounds like you have experience, you know your numbers, and have confidence. 

The next deals came much easier as my confidence grew. 

But who has the confidence to go really big on their first deal?

Deep down, he worries he’s not successful, confident, or attractive enough to "deserve" a beautiful partner.

Options like a unique amortization schedule or a 3/2/1 or 2/1 stepdown interest rate could provide initial relief to get you through the renovation phase while giving the seller confidence in a structured payoff plan.To determine an entry point, consider reducing the price based on the current NOI.

If you can relate, what were the first steps you took and how did you build your confidence in REI?

There’s no single right answer to every situation, but the more you educate yourself and build your network, the more confident you'll become.Lastly, don’t hesitate to ask questions here, no matter how small they seem.