And I probably know exactly the thoughts, challenges, questions, and information overload, etc. that you might be feeling and experiencing right now.And I know the "iceberg" and the "elephant" seem very daunting right now.What helped me go from buying a duplex to buying 100+ unit deals is boiling down this business into 2 simple things, Deals and Dollars.I share more of this approach in a thread if you want to read, I quit my CPA Job to buy Large Apartment BuildingsTo summarize though, the road ahead for you will most likely have many twists and turns, challenges and setbacks.

If you are a new investor you will get more out of them then experienced investors.  

Be sure to consult with the knowledgeable and experienced CPA about the tax implications.

Have you experienced anything like this that could have possibly turned you off to the area once but that you overcame? 

Doing quality diligence requires very smart people who are experienced.  

You're in the right place to learn, to network, and to ask questions.My first note purchases happened a few years ago and involved a JV with an experienced note investor with 2nd position NPN's.

Any recommendations from the experienced crowd as where I should look for, and what are the gotchas.

That is why the more experienced contractor will start with a higher mark-up knowing that the investor will not want to pay for change orders.The best solution to this dilemma is to get better deals.

I'm looking to learn the ropes from more experienced investors as I would like to leverage my current properties and scale up into opportunities that are more profitable in the next 5 to 10 years.

I'm no means as skilled or experienced as a lot of other BP members but if you want to chat RE I'd be more than happy to get acquainted.