So, dive in, stay curious, and make the most out of what Bigger Pockets has to offer! 

He offered the course on 8-Track...well, I suspect he did. 

Their net rental income for that year 6 (assuming 5% rental increases per year but increases in management fees, utilities, taxes, insurance) would be 24k.  

There is nothing wrong with FHA, but most real estate pros would agree that if you are trying to get a seller to accept an offer when there are other competing offers, a conventional loan offer is going to usually be more favorable than an FHA offer at the same price.   

@Gino Barbaro I would love to be able to take you up on that offer, but I am moving to Europe for my next duty station in March but I will continue to follow Jake & Gino over seas to stay motivated and in the game!

I would look at both and write offers in both markets till you find a deal that works. 

Another way to find a mentor is to try to offer them help and something of value so you can learn and also help them in return.

Hi @Lynn Gupt, just echoing Ko's input above, as well as offering my perspective from a multifamily development point of view.  

After that, a good layer of liability insurance. 

If you have enough room, it's always great to have one extra amenity that not many other properties offer.