If you are risk adverse real estate, (especially out of state) is not for you.

there is just a ton of debt you have to take on and as we age we get debt adverse.. now in new construction we take on debt of course but we retire it.and yes its a job.. but when its in the right market cycles boy is it a good one  Can make more on one new build in 9 months than a rental house in 20 years.. so its just scale. and what you want to do .. 

Everyone is a "newbie" at some point, so just dive in and you'll find plenty of folks ready to give back.I'm personally a little adverse to 2/2 SFR (you didn't mention type of property) unless there is a potential to make it a 3/2.If you have a viable tenant and all your numbers make sense, I would advise NOT doing a Rehab until this Tenant leaves.

I got my feet wet on the forums here a few years back, but realized I had some big hurdles to overcome (i.e. get my financial house in order) before I could "get started".

Yes you do need to disclose an adverse action notice based on the consumer/credit report you used. 

It's been helpful for me to remember that there is no such thing as a dumb question, and as you come across obstacles in search of your first deal there is usually a strategy to overcome them. 

You will need to overcome any peraonal hangups you may have before you can even successfully begin.

If you are referring to adverse possession laws, that will not work because that is not how the law is written in Texas.

We are oversubscribed on every note participation we syndicate.For anyone trying to raise capital without superior knowledge in this space, there exist numerous problems to overcome.  

BUT they don't tell you how many leads, calls and rejections you have to go through or overcome to get that one deal.