This and only this should be your focus at 22...investing in yourself will have the biggest ROI at your age. 

His biggest problem is that he inherited a situation with near zero interest rates that are working.

*Temperature* aka hot "hot" these goods are would be my biggest concern.Also, it will cost you at least $200 in gas to go pick these items up.

If he still wants to meet, then have your biggest and scariest guy friend go along, and let this guy know that this is your attorney.

BiggerPockets Regular Pocket TierBiggerPockets Big Pocket TierBiggerPockets Biggest TierYou can then add a final level of...BiggerPockets Bursting Pocket Tier

The biggest expense I tend to overlook when plannig a rehab is the hardware (nails, screws and bolts can get up there quick) and other necessry items like caulking and construction adhesive.

Aside from the fact that HML's charge points and higher interest rates, the biggest difference is that they are licensed and as such, can charge rates in excess of state usury laws.

The biggest challenge, I would say, is locating the targeted properties.

Bidding as foreclosure sale can give biggest discount, but since title insurance is unavailable and thorough inspection of property not possible, much greater risk is assumed.Being new, I would use a Realtor, get a long enough due diligence period, and possibly purchase consultation time with a real estate consultant - (not a guru).

Your biggest issue will be trying to get a property.