I'm a the treasurer for the Psychology Honors society, a teaching assistant for Abnormal Psychology, and a substitute teacher/after school tutor at a nearby high school.

Some teachers were out sick so that presented challenges with substitutes.

But never substitute relationship or proximity for experience and expertise.

You can substitute your own numbers into that formula and determine what your partner's return would be...

This keeps some whiz bang investor/seller from getting a letter and then changing or substituting a contract.

We’re going to go through a property and give you the “Rules of Thumb” that will help you do the Quick and Dirty estimate in about 20 minutes.This is not a substitute for going through the property with your contractor in detail, or developing a detailed scope of work and contract, but will allow you to quickly estimate what a rehab will cost so you can make an offer on the spot.You will see:·Actual numbers·Sample photos of what we are discussingOur first half of this discussion will include exterior repairs and mechanical systems with Nick Aalerud.

Financing types call it "collateral substitution".

Really, there is no substitute for haviing a good cash reserve.

There is no substitute for being physically present with experienced investors.Feel free to reach out to me if you have any trouble using BiggerPockets, or need any help determining how best to connect with folks!

BP has functions for both of those, you should be able to pickup some solid information and contacts while sticking with the website.I would also recommend trying to find some local events or wholesalers to pick their brains, there is no substitute for direct experience.