Avoid the "shiny object syndrome" by narrowing down your niche as soon as possible.

That may be a bit high/conservative, but that's how I prefer to approach a deal.However, your CAPEX is high.

BTW, South-East Raleigh, the area you picked for your example is generally pretty rough and far from the "preferred part of town"

to answer your question i would suggest you start listening to the podcasts if you havent yet already and from the podcast pick a niche in Real Estate Investing that interests you the most and then go and read books on that niche.

Other investors prefer 50%+ POH units and have an array of strategies that justify a high POH/TOH ratio, commonly leasing them on contract to purchase to existing tenants. 

Do you want one you can put some work into or prefer rent-ready/turnkey?

Is there a preferred expense management tool for beginner investors?

I came across some seller financing in my area and would like to know investors who have had success in this niche. 

Not sure how good that book is if it didn't make it clear that you should get your finances ready (ie. establish a savings pattern and develop a relationship with your preferred Lender) first!

I'd prefer some kind of pool to draw from if and when the damage is caused.