Welcome to BP community @Gregory Dickerson Jr  It is a great place to meet new friends and learn about various aspects of real estate and more.

But I define an "investor" as someone with the intent, and ability, to actually buy.  

More specifically, that he would accept $115k cash.Once the sellers agent knew that there was a new amount on the table ($115k), the sellers agent phoned up all his investor friends and used your calculations to sell it to them.The sellers agent had ZERO interest in you the moment a $120k price was defined, he had people on the line ready to take that property, and his commission just went from 3% to 6% as he got both buying and sellers commission.You did all the legwork, you got greedy over a minor amount, the deal walked away.I hate losing.

I've been looking around the site for a while now and after listening to and watching the webinar from last week I decided I need to take some action if I'm going to get serious about this aspect of my life.My immediate goals are to finish school and land a civil engineering job.

Please do not hold anything back.Looking forward to your responses.LOL, guess you haven't read my posts on WH.Lack of RE knowledge, lack of general business knowledge.Tactics used  in marketing, not being upfront with others.......like advertising that they buy houses.They lack understandings of valuations of their services, they appear predatory due to lack of knowledge not so much as to intent......really due to guru junk.As a business, they circumvent the spirit of licensing laws or may simply be in violation depending on state laws.Those that are good at it probably don't really need to WH, but those who think they can begin in WH are usually misguided, thinking it's a system of steps rather than understanding the different aspects that are required to provide reliable data, valuations and market analysis.

I would guess that depends on how you define maintenance?

@Ryanchase Balthazar can you you define, as in an actual number, what you are referring to when you say "really cheap property"?  

I want to get into this as a job, and I am fully prepared and able to do many aspects of it myself, including educating myself on the legal and tax issues.

Welcome to BP community @Michael Cini  It is a great place to meet new friends and learn about various aspects of real estate and more.

I am a Nuclear Medicine student with a flare for real estate investment in all aspects.