The skill of analyzing local comps will come with time, I wouldn't worry about that too much until you start getting calls back.

They will teach you techniques and skill that is worth more than 10,000s of dollar. 

So its all OPM and their skill or hopefully they are skilledso I think what @Joe Schaak is saying is the 130k would be the down stroke the HML wants and the rehab funds.If the deal pans out correctly this is a very nice financial play for Joe. 

I generally hire for personal quality construct so long as the basic skills of the position are there.

With experience comes a broad understanding, finesse, and skill, all of which I'm sure you exercise in these situations.

The seller's second would have to be very soft.

Your USP will likely evolve as your dynamic experiences reveal your natural talents, skills and expertise.For example, I never intended to become a probate expert but rather use my foreclosure and title expertise in the legal community.

Once you get that, shop around skilled laborers to do the floors, and most of the other cosmetic work you could probably do yourself.

You may have some money, time, some skills that the other person  does not have,    we as investors love to work with people that are willing to pay the price.  

You'd have closing costs for the loan, soft costs during rehab, and then  seasoning (6-12, 12mo most common) before you can cash out refi.