Network as well and go to local real estate meet ups.For funding: you can HELOC, find a private lender to lend you 20% down, find a capital partner, or just live below your means for a little while and save till you have the 20% down (can go higher or lower than 20%, but 20% is generally required for fix&flips & BRRRR loans if not going conventional).

I highly recommend that you tune in to the BiggerPockets Podcast and connect with the local lenders and brokers.

You can just approach the seller (or their agent) as a private party and make an offer, either 3% lower or whatever you think will make the deal work for both parties.....Now if you want to acquire some RE knowledge, I suppose it couldn't hurt to have a license....and it will give you a small amount of credibility (not much, it is not hard to get a license)I think you can gain the knowledge just as easily by just starting to buy and sell properties...... 

I also dont know if I am considered a private lender or hard money lender.

Others may outsource services to private companies, such as maintenance or administrative tasks, to leverage specialized expertise or cost efficiencies.

Hi Layne,Any lender who does FHA or conventional should be able to talk you through this and it is a very common situation.

In order to accept you as a TIC there must have been some relationship with the lender that allows them to carve out that % interest. 

Hello, I'm looking to go to lenders sometime soon to get pre-approved for an FHA but I have lots of questions whether or not I meet the qualifications especially with the price of duplexes in Pensacola, FL.

You may seek advice from lenders and brokers, most will be able to recommend one.

Just be calculated and make sure you don't strangle yourself.Otherwise buying off market will be your best option, but buyer beware and you need some more money to take over a decent sub-to deal or utilize a hard money lender.