It also allows me to get a good grasp of the market in my area.

If you grasp all of the concepts in Jay's book then you might move on to more 'meaty' type of books.

It's going to be a lot of effort on your part to rehab the property, only to pay all of the fees associated with selling a property and make too small of a profit.You should also have a much better grasp on what your rehab costs will be.

He seems to have a good grasp on the multifamily market, especially in that area. 

I'm a sophomore studying finance at a business school so I have a strong grasp over long-term stock market investing, but much less over property rental, but I definitely subscribe to the buy and hold philosophy as opposed to the 'flipper' mentality.

I'm also very skeptical about "at risk" kids being taught real estate "investing", none are in a position to "invest" as minors and I doubt they have the education background to begin in real estate operations generally, like business law,  real estate law, finance or basic economics to grasp the concepts of value and appraisals.

. - You have more of a grasp on whats going onCONS: - Every sub will blame the other and you'll be left to handle it. - It will take ALOT of your time!

Without all four parameters, there's no way to determine if a particular bet/investment is a good one.My whole point above is that, I believe, if most investors had a firm grasp on the first three parameters around investing in likely-to-appreciate markets (potential upside, potential downside and probability of each), most investors would have a personal utility function that would lead them away from the investment. 

I have a good grasp on what they entail, but a reputable company could educate me some more.

Abel Curiel thank you for so much valuable and easy to grasp information.