Just spending my days and nights reading and listining to podcasts and getting educated.

Currently I am in the process of creating a business plan, marketing, educating myself in this market and working on my affiliate license. 

The best free education you can get.

For education purposes, I want to know how is the "payment" calculated when it comes to having a private lender provide 100% purchase price of a deal for either (1) a 6 month term or (2)  1 year term if the repayment shall be in the form of monthly payments until the loan is due and its at a 8% rate?

It's the price of education I always told my students.

That's on your shoulders to get the education, not for a mentor to decide for you.Again, this is meant to be constructive, so I truly hope you take it that way.

All you need is a good real estate education, and you need to take action.

I figure with that luxury this could be a win win for me.I know I am not fully prepared at this time to make that commitment (Education wise) so if anyone can send me some feedback on the steps I will need to take considering I will be only 18 with no credit, and where I might want to change things or a better way to go about this I would really appreciate it !

I am here to educate myself further on the real estate opportunities; renting, flipping, etc.

Which is where everyone starts regardless if they plan to spend more on their education or not.