Most  new investors are inexperienced in both. 

Unfortunately, there are a lot of inexperienced GP's that are now tasked with making these decisions and even scarier, and beleive this needs more attention is the fact their LP's aren't even aware of their lack of experience or trackrecord.

These “mentors” suggest methods that are DANGEROUS in the hands of the inexperienced, unknowledgeable, and under capitalized.  

If plan to invest out of state it'll be crucial to develop your core-4: https://www.biggerpockets.com/blog/core-four-real-estate-tea...Having a solid team around you will be fundamental to your success.

He is making these assertions to the sellers so that they sell their house to an inexperienced student that pay him thousands of dollars to learn his scams.

Deals are slim because competition is high and the inexperienced investors treat these areas like buyers instead of investors and buy irrationally which prices the savvy and cash-flow oriented investor out.

Best Regards and much respect.Hey mate,Thanks for the mention and question.Turnkey investing isn't for everyone as it requires a lot of faith and trust in the turnkey provider.Over the years I have found that way to many investors want to be "too hands on" so investing in turnkey is not for them.Many also expect overnight success and that isn't possible either...Ohio Cashflow likes working with investors that are comfortable and confident in their decision making.That have done their due diligence on our company, market and turnkey investing in general.And that will trust us with doing our best for them.Also, buying 1 or 2 properties and expecting miracles isn't worth the risk of investing out of state or country.As for stocks.That ship has sailed IMO as the market is at all time highs.So the risk is too high for inexperienced investors to make large returns.DISCLAIMER: My online content = My own opinions and shouldn't be followed as gospel hehe.

You are out-of-state, seemingly inexperienced, and you want to work on a historical property (notoriously the ones that are the hardest and always overspend and under-allow) with no contacts in the area.

I'd suggest reading up on the topic on the forums, where you'll find many examples of inexperienced investors crashing and burning hard trying to do out of state (OOS) REI...the story is usually the same--they had no experience with REI, they couldn't find any cashflowing properties locally, but they saw that properties in other states (often the Midwest) cashflowed well on paper.

They should help you analyze dealshttps://www.biggerpockets.com/blog/core-four-real-estate-tea...