I have the opportunity to partner 50/50 on a 16 unit purchase in Norfolk, Va with a friend and fellow investor.

To determine whether an investment is worthwhile, one might consider the opportunity cost of putting money into a real estate investment instead throwing that money into the stock market for the same period of time that you’d be invested in the real-estate project.

I guess I just need to keep learning, but what if while I’m learning I miss opportunities and interest rates go up and house prices skyrocket even more!

Eventually it will click as to what opportunities make sense. 

Is there a quick screen rule of thumb that investors use to efficiently screen BRRRR opportunities or is it a matter of literally walking hundreds of properties to determine viability as a BRRRR investment? 

I am using this as much as an opportunity to learn and understand the creativity that can be in a deal as much as a chance to wholesale/invest.Ideally, to wholesale, I would probably need to get it cheaper than $60,000. 

It could be recently updated so if it was taken out of a flood plane, that would a great opportunity to buy cheap.

After about the fifth one I got to the point where I realized I'm just watching opportunity pass me by by not having my real estate license... so I decided to create another exit strategy and get my real estate license (I'm taking the test this Friday 6/22/18).Which brings me to the point of this post; do you know any principal brokers in the greater Portland area that support brokers doing what I'm doing?

I wanted to take this opportunity to introduce myself to the Bigger Pockets Community and to connect with fellow members. 

We have been reading post after post for the past two years from (1) members who are fed up with the market (2) members who are having a hard time starting in a hot market and (3) members who have highly appreciated properties but don't have an alternative investment option if they were to sell or exchange.Deal flow is king in this market and you have to (1) put hundreds of deals through the funnel via marketing and networking or (2) you have to invest with someone who has it.I made a decision two years ago to do more of the latter...to start heavily vetting passive opportunities with experienced sponsors who have mature deal flow pipelines (i.e. deep broker relationships, industry leaders, full time staff dedicated to deal flow, consistent off-market properties)...while still casually vetting direct owned opportunities.