You have a chance to practice "self-managing" a rental unit.

So JERRY PRACTICE WHAT YOU PREACH!!!! 

I dedicated myself to learning the principles and practices of real estate investing, which included reading three of Brandon Turner’s books, listening to varies real estate podcasts, and as of recently, becoming a BiggerPockets Pro Member.

Would you say that if I practice the right amount of caution, and seek as much professional advice as I can about my first few investments.

Affirmations are a powerful tool if you want to get past the fear of being told to F off, as is practice.

I was hoping for some advice from more experienced investors on best practices to use!

He is very knowledgeable with real estate practices. 

In practice, I ensure permits are pulled for HVAC, gas work, major electrical and structural changes.

I'm house hacking a duplex and practically living rent free.

I know in theory seller can sell at any time prior to the auction, but practically, is there a point in time when it becomes "too late" and they'd rather go to auction?