Nothing builds your confidence like a deal or two though.

Somewhere in the 120 range makes sense if your confident in those repair numbers.

Doing so, has given me an added level of confidence when finding deals.

Anyway, the short responses to your questions1- live-in renovation in 2011 FHA-insured loan2- tenant screening is key if you are going to be neighbors with your tenants...and introduce yourself as the "property manager"...separation makes things easier when you live next door. 3- first time...total guess...got lucky and settled into a $40k equity position from onset...did lots of homework, but limited to zillow back then...4- don't be afraid to pull the trigger on a deal. consult a great local agent and be confident your numbers meet your needs.

Take a confident 12% over an over-confident 20%.2) If the syndicator is investing outside of a market where they have a proven track record, then I would not be in on the first deal.

And I have partnered 60/40 with 60% being my share under similar terms.You have to be confident your knowledge to create a profitable investment is extremely worthy.  

I have experience with home remodels and feel confident I can use my cash for any cosmetic repairs. 

And that should help you build more confidence as well. 

YouTube help me get started....a few good videos and some confidence goes very far.Bigger pockets gives free info on how to wholesale homes to.

I am so happy for you that your first deal went so well, - it gives me confidence to do my own soon.