Another problem you can run into is that you can encounter (more) problems trying to evict this person for non-compliance of the lease rules before the term is up if they've paid for the full term. 

It gave me the confidence to pull the trigger and send me on the path of realizing my lifelong dream.

If not either ask for seller to bring it into compliance with current use, or refigure your numbers based on a SF 3/2. 

The equity partners I found weren’t ready to pull the trigger.

Very excited to get started here and hope I am not pulling the trigger too fast. 

We are a virtual company and have a very competitive compensation plan, training, compliance, support, and much more, but we (virtual) are not for everyone.

While there is more to learn (local laws and compliances) it is totally doable and there are numerous markets worth investing in.

Never too young to start my advise would be to do as much research as you can prior to making your first purchase once you pull the trigger it’s really hard to go back.

Some of the homes I’m finding are in that price range and it’s very appealing to pull the trigger just on the principle of thinking cheap is a good deal, aside from all other variables(rehab cost etc).

I'm willing to do whatever it takes to accomplish this, whatever amount of work this takes, doesn't matter.The problem is I have an overload of information and lots of fear about pulling the trigger.