Use the 1% rule or better as a guide!  

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

    I would respectfully ditch the friend that is an agent, and find an agent (or agents) that are seasoned and can help guide you, as a first step. 

John-I was just in LA for an invesnt for out of state investors, here is what I know for sure, it is not for the faint of heart and it is an active job if not using a true Turnkey providerSimple Guide for Buying Out of State Turnkey Originally posted by @John S.

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast

I don't know much about it but I have read the ultimate beginners guide on this site and hope to learn more from the experienced people on this site.  

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

Have you followed The military Guide???

Just be honest with the lender and they will guide you.

Hey Nick I figured I'd drop you a link to The Ultimate Guide to Grading Kansas City Missouri Neighborhoods.