Drill down with specific questionsWith 1,2, and 3 done you will go from fool (your word) to amateur.

I'm a new member, and a complete amateur regarding housing.

Hey @Crystal Wilson those numbers look great on the outside superficial perspective, but make sure to go do an amateur inspection of the place to look for foundation, roof issues, etc.  

First things first,get a contractor to go with you and map out line by line everything that is wrong and the appropriate cost of repairs.Second,figure out the After Repair Value of the property by using local experienced real estate agents who sell these properties.Third is to take that information to whatever source of financing you are considering getting a loan from and showing them your discovery to get an idea of what they will give you for how much money upfront.Once you're satisfied you can still make a good cash flow after all is said and done and the apts are all rented out,make the offer to the seller showing him all the things you found wrong and need to do to get the place repaired and rented in the least amount of time.Again,I would seriously find a partner who can help you do all this because it will be overwhelming to an amateur who has never tried this before.Good luck to you.

Just felt like amateur hour with them. 

It was mostly about flipping, being a professional not an amateur, making sure to have a great system, and keep working on the strategy that can work most of the time. 

Last thing you need is amateur work in a critical area (like sweating copper together or electric) coming back to bite you. 

I know there are a lot of people trying to wholesale these days, but really the amateurs just make the experienced guys look better.  

;) When I upload a photo of myself, I'll wear the same shirt as you and grow a beard, but have a small blue box that reads "amateur", that will keep everyone straight! 

I just entered due diligence last night and began a very amateur overview of the documents.