Can you provide some more insight to the current financials?  

I'm getting my financial foundation in order right now, but soon I will be ready.

If the value is truly what you say it is, then it’s a win win and you have ground to stand on.

I personaly am closing currently 2 to 5 a month and find it very satisfying and empowering not to mention financially beneficial to my students as well.

Thought this may be the best place to start rather than standing outside of a Home Depot asking people like a creep.

If not, then move to step 4.Step 4: After stabilizing the cashflow/property, prepare your personal financial position to allow for you to buy out your partner and continue on your own moving forward.Step 5: Find a bunch more deals and rock it!

What are the best ways to stand out in a crowded market?

But, my understanding is that, most importantly, I'd have built up home equity with this purchase and will be in a better spot financially to purchase a home for myself, once I'm ready.

Also, once you have the market identified what are some of the best ways to familiarize yourself with the market financially?  

Budgeted $40k with my contractor but $50k in my financial analysis, so yeah, we should be able to cover this one...everything you read says you will make mistakes, no matter how much practice and prep and mentorship.