What sorts of questions can I ask her to learn how much risk this is? 

Continue to learn and save right now.

Quote from @Terrence Adams: Hi everyone, I’m Terrence, new to rental property investing and excited to learn from this group.

I have been lurking on the site and attended webinars for a while but I am just here to learn and I am soaking it all up!

When you learn to partner with professionals who are well-versed in this segment, most distressed property transactions are quite straightforward.Myth 5: Distressed Properties Are Not Obtainable with FinancingThere is this perception that distressed properties are cash-type deals.

Thanks to everything I’ve learned from the podcasts, books, and this community, my wife and I currently own:A triplex in MaineA single-family rental in San AntonioA single-family primary residence in Las Cruces, NM, which will become a rental when we move in a few monthsFor context, I’m an active-duty Army officer with about 12 years left until retirement, and my wife works for a university in Boston.

If there is one thing I have learned, is nobody is going to charge you a fee to learn to get rich lol.

Any advice for me or lessons learned?

Didn't get into rentals on pupose but it's working out well and I want to continue to learn and develop my portfoilo.

Looking forward to learning from all of you and contributing where I can.Best Regards,Gabriel