I asked him in what ways was he educating himself in real estate.  

YES, you can still achieve cash flows of 7% to 10% in the single-family residential (SFR) sector.If you want to learn more about these opportunities, don't hesitate to reach out.

During the term period, do i take over mortgage payments and pay the seller a rental fee/rental premium from the cash flow?

Amazingly, they suddenly figure out that they happened to leave some spare rent money under the mattress or their rich uncle left them a bond they can cash out.

Context: I’ve been using MLS, realtors and wholesalers to seek out my first investment property (debt free outside existing mortgage, $100k cash saved, stable income), since my network is fairly new and limited as a green investor.

My PM used to use a software rentec, and rentec would give you a running tally of cash in/cash out across your whole portfolio. 

. - Lastly, if you are looking at real estate as a long term buy and hold strategy, you have to look beyond just cash flow.

Look for both cash flow and value add.4.  

Out of pocket cost to purchase (DP 20%): $135,200Monthly cash flow: $5,400 - $4,000 (mortgage) = $1,400Months to recover only DP: $135,200 / $1,400 = 84.5 It will take you about 8 years to recover your down payment.

If it's cash, then you need to write yourself a check.