, it seems like investing in major urban markets for appreciation rather than in rural/suburban areas for cash flow would be preferred.

I prefer satin finish over high gloss, personal choice.  

Personally I see it more for a motivation & wisdom benefit and like James Caruso said I would prefer to fund my first my deal before feeling I need some push from his courses.

I would prefer to pay about $50-$60 for a legit plumber work and no more than $20-$30 for side-job guys.

All in, we both have 75K a piece in the property.This family member decided they would prefer to cash out, and let me take over rental property operations. 

Are you comfortable with an 8% Preferred return and a 20% IRR?

The specific deals I have seen are usually with a preferred return (7-8%) and a split on profits (60/40 or 70/30 in favor of investor).

I noticed there hasn't been a beginner advice thread in a while, so I thought this would be a great opportunity to post some of my questions and thoughts.A little about myself for context:  I would like to invest in my first property before this time next year, preferably starting with a house hack. 

@Ann N.If the payment they got paid off their loan or gave them a nice profit they may want to defer some of the taxes over time and prefer the cash flow thus taking the second.

@Larry F.Hello Larry,So, what I’m looking for preferable is a property that is ready and has a tenant in place.