(Total novice, Beginner, Intermediate?)

For a novice mom and pop, expect 50% loan to value, if that. 

Hello Everyone,First post here so excuse my novice understanding of RE basics.

So from one novice investor to another here was our process (using an agent).Pre-approval with lenderMade offer w/contract outlining terms of who pays what feesOffer acceptedput down 1% depositPaid for home inspectionnegotiated about what they were going to fixPaid for appraisal (the lender is going to require this) also your offer is protected if the appraisal comes in lower.Deposited rest of the funds in the escrow accountsigned the papersgot the keysThere are a bunch of fees (title transfer, title insurance, clerk processing fees etc that can be negotiated as to who pays what in the initial offer) and the lender should be able to also give you a pretty close estimate on all the fees associated with the loan they will be giving you. 

Any Advice for a Novice?

It's meant for a complete novice.

I'm not a novice when it comes to construction however, this would count as my first rehab.

What are the chances a complete real estate novice could put together a deal in the 1-2 million dollar range?

I have watched novices waste thousands on such-enough to buy their first property.

I have 2 questions about my current status as a novice real-estate investor and looking for some guidance.