Bottom line: the tenant doesn't get to decide how to pay you.

You do the course and you decide you want your money back. 

If you ever decide you want a more passive approach, there are turnkey companies out there that handle everything for you.

Having no rental agreement/lease of any kind is a huge problem.They could just decide to stay and stop paying.

Best wishes with whatever you decide.  

Lol, every single time I've decided to do the painting myself........about halfway through I am regretting it big time......my body hurts, it's mind-numbingly boring (I think that's why painters have the drinking/druggie reputation... :-)

It's fantastic you decided to jump in.. have you mapped out your first property analysis yet?

There are a lot of site-specific issues you need to investigate before deciding what the land is worth to you.

Something a couple of my beginner investors like to do is live in the property for a year or two then move into the next one and rent out the first one.Most important thing you can do is research the different niches within real estate investing and decide what fits best for you.

So I've been getting into real estate and found out about wholesaling and I'm 16, I've been studying and taking notes about the fundamentals and basics of wholesaling, I've decided to start saving up till I'm 18 for when I start wholesaling to be prepared.