I'm merely seeking your input and hopefully raising questions of underinsurance and exposure to litigation which may help you in examining your endeavors as well. 

I wouldn't have had the nerve if it hadn't been for other Bigger Pockets investors taking the leap at out of state investments.

I'm actively enrolled in my local colleges' pre-licensing course, and am excited to be finishing up and sitting for the state exam in May.

So it really boils down to enforcement or lack thereof.One of my bird dogs though got turned in for having a sign in a yard for a home he did not own.. the neighbor knew he did not own it.. neighbor probably wanted to buy it.. he turned the guy in.. after examination it was determined this was his business model and scheme and big fine and big lawyer fees later cease and desist and now he runs everything to me as I can close and we simply JV and never market anything until I have closed and own it.. even though I am an inactive broker..

You can also examine the possibility of "rent escrow" in your area.

Rough guess on the purchase price would be between $175k-$215k based off what you find in the detailed examination of the books.

I focused a lot of my attention on the course and was able to go from starting the course to passing the class and taking the state exam in about three months.

Well, I've been fortunate enough to have an expensive, I mean extensive education, but wracked up a LOT of debt in the process.

I’m super nerves about this but commit as well.

@Jim BrandtBefore talking about "losses", let's examine the economic substance of this proposed deal.For her.