However, as a newbie, you don't know enough yet for this to make a difference.I'd put this in practically the same leadgue as the BP calculator.

The lesson here is that EVERYONE (especially mentors/gurus selling their “expertise”) has investments that do not work out as anticipated, one that actually lose money, and one’s that tie up your capital for long periods of time before you get your capital back.  

The BRRR strategy is much easier than ground up new construction with much less expertise needed for success. 

I've been pretty vocal on this platform against bad syndication practices out there. 

Quote from @Virginia VanOeveren: To start as a private money lender, educate yourself on real estate investing and lending practices, define clear loan criteria, and conduct thorough due diligence on borrowers and properties.

The articles show the devastation done by the lack or poor business practices of the IHA. 

Title VICIVIL PRACTICE AND PROCEDURE Chapter 83 LANDLORD AND TENANT View Entire Chapter 83.49 Deposit money or advance rent; duty of landlord and tenant.—(1) Whenever money is deposited or advanced by a tenant on a rental agreement as security for performance of the rental agreement or as advance rent for other than the next immediate rental period, the landlord or the landlord’s agent shall either:(a) Hold the total amount of such money in a separate non-interest-bearing account in a Florida banking institution for the benefit of the tenant or tenants.

The idea here being you buy a 3-4 bedroom house near your practice facilities--and renting the extra rooms to your teammates. 

Lawyers like doctors specialize in different areas of practice.

I will sure check all available tools BP provides to learn and practice analyzing deals.