Hi Riley,I think first you need to get your RE education on investing. 

Spend some time educating yourself first to the point where you feel you have learned the ropes enough to jump in.

I would recommend educating yourself on underwriting multifamily properties so that you can ensure that you get a good entry price and I would also encourage you to plan the renovation business plan carefully as this is the area that carries the most risk. 

before you start mailing letters, make sure you have the educational piece done first.

I think for your first deal you should be open to taking even less than 10% of the profits, consider it an education expense.

I'm just now starting the education process in my real estate journey, so I'm a newb.

A lot will depend on your bandwidth and time commitment. 2) Once you figure it out, you can look into different niches within the options available for either active or passive investors.3) Educating yourself on the option selected is must.4) Take action once you have the power of knowledge in you.Best!

I have hear of several cities in Kansas, Ohio and Tenn but I would like to know why those markets are hot right now in order to make an educated decision as to whether they will continue to be a steady source of renters in years to come.

Something that isn’t as guaranteed financially but educationally and experience wise it’s better?

Ask your uncle if he will wait 6 months to a year while you further your real estate and financing education.