I became what I called a heavily seasoned novice.

A lot of other novice rental owners, hire the cheapest PMC and then get ripped off with add-on charges or just poor service.What do you define as, "special situations only"?

This is a way more novice wannabes  can send text in mass to muddy the landscape.

We all know the playbook....teach novice investors how to buy in C/D locations where the cash flow appears higher despite the operating expenses and cap ex being disproportionately greater than better situated real estate.

It being a five unit puts it out of range though.Being a novice, I have the following question.

I am still a novice but they treat me fairly and never insult my ignorance. 

I would encourage you to seek counsel, New Western has a reputation for this type of behavior and a track record of pushing misrepresented deals to novice buyers. 

But I now see it is only considered a cash-out if there was never a lien on the property in the first place.I greatly appreciate your patience in taking the time to answer my novice questions. 

This is why we caution novice investors about buying TurnKey properties.

We have an 8-week course with over 60 training modules, laser-focused action steps and weekly live Q&A Sessions that will take someone from being a novice in the land development space to becoming a Land Acquisition Specialist.We've said this before, and I'll say it again here: Our program isn't for everyone.