The biggest thing that frustrates me most about the guru's is how most are not transparent about all things notes, yet they send post after post on LinkedIn or FB wanting you to watch a Podcast or something else about how much money they made on notes to get you sucked into their web. 

Just like everything else in life, get started, keep honing those skills (i.e. keep reading, keep learning, keep attending the meetups) and watch yourself get better and better witch each property you buy.I hope this helps and good luck on your real estate journey!

Adam has the simplest answer.You can buy the parts yourself, watch a YouTube video, and replace them yourself.Go to Google and search for "appliance parts" and find many companies selling the parts.

all the videos I watch don't seem to make sense to me.

@Bryan Schwartz a lot of trial and error - and even then, you have to watch them as they get greedy when you aren't looking.Try going to Home Depot Saturday 6am - those are the hard-working guys!

Pete area in the next 4-9 months but have been watching supply and days on market steadily increase and asking prices drop on a weekly basis.

Watching you all post after each other is embarrassing. 

Things to watch out for, especially in terms of regulations, costs, and management?

Lots of RE are watching this market and seeing what not to do.2)  Median income is an excellent metric to use.

Watching Coffeezilla mock them on YouTube can be quite cathartic.What's with the picture of Sinwar?