However, I have already found an opportunity I feel I can not pass up, even with as little knowledge and experience I have, and am looking for any and all advice and thoughts on my first move into real estate.A life long best friend of mine has been offered by a family member for $20,000 to own outright a 3.5 acre lot with a run down mobile home on it.

For example, how long has the single guy been at his current job?

I have begun reading David Greene's Long-Term Real Estate Investing to ensure I do this properly.What types of data should I be looking at before choosing a market for mid-term rentals?

I'm particularly passionate about Mid-term and Long-term Rentals.Outside of real estate, I enjoy reading and going to concerts.Excited to learn and connect with you all!

Doubt it makes a noticeable change long term. 

Is the "will you please work with me on the rent" conversations be 1/20th as frequent or 1/20th as long or 1/20th as dramatic? 

Long story short , didn’t do my due diligence .

But it’s been way too long now with lIttle communication and now have a vacant unit for almost 9 months already.I initially wanted to invest more with them, however really need to see major changes before I do.

I’m open to both, short or long-term, in Austin or the surrounding areas (mostly considering San Marcos).

Bought it with hard money and then refinanced in a long term DSCR loan.