So far it seems I’ve learned people either do JV’s, find a mentor who finds them valuable to learn under, or just dives in with an investor.

Also the 1% rule.The thing is when we first started diving in we ran into the same problem that everybody faces when they wanted to go to a popular restaurant: WAIT IN LONG LINES! 

Before i dive straight in, i am planning to do a trip to the US to feel out some of the cities and hopefully meet with some property managers to get their advice on areas.As i said above, i am very new but have been trying to soak up as much information daily as i can manage, and from what i have learnt, my plan would not be all that dissimilar to investing out of state.I was wondering if anyone has done something similar, and if so would be able to share any major unforseen hurdles that they weren't prepared for?

This could be a many year process for them and their pockets might need to be very deep to endure. 

That said, let's dive into your question. 

Rehab costs and while it is a great book for a novice such as myself, I would like to gain some experience putting these methods into practice before diving in on a rehab in the future armed with only book knowledge.      

Long answer - Yes, as long as you don't dive in without doing a lot of research and communicating heavily with whoever you're planning on investing with!

I’d be interested in to know what hurdles you encountered.We have a deep lot that could easily hold 32-40 10’x10’ units.

@Anand George, without doing a deep dive I'd say you've constructed a good working model. 

I would like to say thanks to all the people who reached out with support, and I look forward to diving deep into BP.