This will help you when you get a listing as well.3)    You will understand the Buying/Selling Process, what forms to use, how to do your due diligence etc.4)    You can use your connections/knowledge in the industry to  build a world class team!

Where's that team or mentor with decades of life and business smarts when you feel down and doubtful - again?

There's a lot of moving parts and I definitely wouldn't advise doing a project like this out of the gate.My advice is to get your team together before making the purchase.

@Tim Steward- if you feel like being proactive, reach out to the investors in that area before you go: you might find a realtor/ other team member you can meet when you go.Good luck!

You can start there and learn about lots of other places to get education, build your team etc. https://jetlending.com/event/650-investors-attend-last-meeting/Also, if on Facebook, join local investors groups.

Have lost a couple by less than $2k and I really wished I had bid higher.Good Luck!

Also graduated with a degree in accounting and finance and by graduated lost all confidence in the stock market.

The crew your friend is talking about is probably NOT licensed nor bonded, so there is a large risk in working with that team. 

Now’s a good time to practice, network for your A-Team (attorney, PM, GC, CPA) and learn to scale.Always make a “ridiculous offer” of 75% ($337.500,00) of purchase/asking price ($450,000.00) to test the waters.

It also helps to build up a variety of team players for your future endeavors by checking out the company page here on Bigger Pockets to hook up with a few professionals in the area you need team support in.