There is a great BP Beginners Guide I would highly recommend. 

If so stay clear 

I'd suggest checking out the UBG (Ultimate Beginners Guide).

WE purchased an investment property that is vacant at this time we are looking pull the equity for repairs and to purchase more property can anyone guide us The property is located in North Carolina

If it is a money issue, you can also rent your own room as a shared room and still stay in your house for the cost of buying your shed !  

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

Hey @Juan Francisco im new to BP aswell and would love to learn more about buy and hold strategies as well.....I always felt weird about the whole "Subject to" thing....would the liability still stay on the seller if payments werent made?

Stay on the top floor to avoid neighbors footsteps above your head. hahaha

Since I was in Texas and planned on staying there I found out that I was qualified to take a test and get a broker license in real estate so I took the test and got the license even though I never did that full time.Regardless of what I had I felt more comfortable in the construction business.  

A great first read for anyone just getting started in Real Estate Investing is The Bigger Pockets Ultimate Beginner Guide.