Initially the numbers were 40k for rehab cost Lessons learned?

Not sure what your looking for.

Now, you can get some wholesalers but they usually don't know if the property will fit the requirements and regulations but you can learn that from the Realtor. 

If you are new, be sure you can raise the funds before proceeding.In my opinion, you are going to have a hard time raising money with a 6% pref and 70% of the profits after that unless you have a lot of newbie investors in your Rolodex. 

What you can learn from this and show them can set them up for life.  

In my limited experience with a similar service, they will send you leads and even make offers but you still need to do your due diligence and make sure it's a profitable deal for you.

Sure. 

Reading and watching BP podcasts to learn.

Private money (like true private money) may not be a bad play either, just make sure you trust the individual you're working with. lots of scammers out there. 

Learned a bunch.If your PM sucks, get rid of them faster….