Depending on someone's personality and drive will determine their willingness to take on risks. 

I was just trying to get some very basic info, before I reached out to a professional who could answer those questions.

It's a sketchy part of town about 1 hour drive from me and I plan on getting the keys, then have my rehab guy manage the crews. 

.  :(  At the time, we thought that was a smart move to basically defer our gains/short term income in the interest of having a paid off property in 10 years.  

So I'm basically just practicing analyzing deals.

Some basic goals could be anything from saving your first $1,000 to analyzing 5 deals per day.

In short, you need to ask yourself how will the appreciation that has occurred over the recent years be sustained, and what driving forces will happen going forward to continue the price trends of demand > supply?? 

I would drive 1 + hours if my child has a great school and we live in a safe neighborhood.

If they're selling $250k+ new homes within a 5 minute drive, I think that is a good sign. 

I've purchased about 3 course that basically just wanted money and didn't give knowledge so I can go out and do my first deal.