She is renting it out at $850.00 a month.I will be getting the numbers this afternoon, but she is frantic, and is willing for me to take over the 275K loan, deeding the property over to me, leaving her name on the loan.This will be my first property if it goes through, so naturally I am cautious, and would rather take it slow, but her deadline is Wednesday, so I need to overcome my reluctance if we are to do this thing.I'm wondering if I should just be a private lender to her, allowing her to get caught up on her loan without going through the bother of purchasing the building.

You have to overcome that.

BUT, I have overcome the newbie fears and worries, and i can speak on that ALL DAY LONG.   

Curious to know, if there were specific books (like 10 X rule) that articulated the kind of mindset needed to achieve his or her goals, or if it was developed from consistent routine setting/actions, or from overcoming adversity, or all of them?

Until then, it's a volatile situation with no safety margin and several challenges I need to overcome to ensure financial survival:Successfully fade any unexpected expenses from inspections or repairs with zero cash on hand.Arrange for rent increase or tenant removal in the least disruptive way possible.If tenants are removed, they will need to be replaced immediatelyMy brainstormed solutions so far are:Regarding unexpected expenses: Craig Curelop my unit by getting a futon and Air BnBing the rooms to increase cash flow or borrow from family.Regarding rent increase/tenant removal: use property management or letters? 

It’s not going to hurt and will give you a better idea on how to get started, but whether that is enough to to overcome the cost and time is debatable 

And how did he overcome it?

Personally, I think one of the biggest things to overcome for me was realizing that I don’t need to know everything beforehand.

They will have overcome all your objections, no different than the sales technique taught to all car salesmen.The price quoted to me by Cassie, one of the assistants, was $30-50k for the *er-hmm* "mastery program" where "not everyone is accepted" (unless the mark is able to raise their credit card credit limit or have cash in the amount FB wants to suck out of your pocket, which they overcome the objection to by saying you'll recoup that amount in your first one or two deals.

Deb, fantastic job of taking the first step.Hopefully others will read your story and develop the needed motivation to just overcome their fear and take that first step.Keep us posted on each step of your journey.Pete