My issue is more from an investor perspective: undisclosed reserve prices which many times won't be met, and QCD's which often have issues (I'm glad yours was clear) that many beginner investors don't realize what they're getting.

So getting feedback from Bigger Pockets was huge for me.So there's a few action steps that I ran with as a beginner and it seems to have worked well.

@JO DIXITWelcome.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

They are filled with rich info for beginners like me.

Be sure to read through The Ultimate Beginner's Guide to Real Estate Investing to help you get started.Finally -be sure to setup some keyword alerts - especially for "New York City" so you can jump into local conversations.See you around the forums!

Download and read the free How-to-Guides, starting with the Ultimate Beginner's Guide to Real Estate Investing.

Be sure to read through The Ultimate Beginner's Guide to Real Estate Investing to help you get started.Also - here's a couple articles you might enjoy:The 21 Best Real Estate Investing Books Ever How to Start Investing In Real Estate at a Young AgeFinally -be sure to setup some keyword alerts - especially for "Wichita" so you can jump into local conversations.See you around the forums!

Here are a few recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meet Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing Check out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/ If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select that person below.

Have you read the Beginners Guide yet?

The total loan required is $82,800 and if the ARV is correct, our Loan to Value is only 57% (this fits in nicely with our max LTV of 65%)Next step: since the borrower is a beginner, we require him to prequalify first with our portfolio lender so our exit strategy is assured.