You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

I am also on the same boat and researching on an experiences on Ray.Does anybody have any experience with Ray? 

Im bringing 400k myself the purchase price is 10 million its an assisted living facility  do you have experience running an assisted living facility?

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Some items to touch on while you talk to prior investors:How has the overall experience been?

Quote from @Robert Gunn: I would also be very interested in hearing student or JV experiences with Pete and his program.I stumbled upon him by chance and for fun (I've been investing in land for years) signed up for his "free" course, which he promises after he pitches his $499/mo software system (which is basically an overpriced CRM) and then after the first "Level" in the course, you are directed to a pay page to access the rest of the "free" course.  

Thank you for sharing your experiences everyone!

@Tim Delaney that had been my experience as well. 

From my experience, relationships do matter with the tenants.

From my experience the median household incomes really determine the neighborhood class.