There is a "good deed" component if the number work, you  get a property below market with a renter in place.

Much like my path into medicine, I know being successful with researching, investing and other components of CRE will take a lot of hard work and dedication but I am ready to learn.

If that is a no we ask if they have other investor friends who might have mentioned they want to sell or they would think might want to sell if approached.You need to ask open ended questions to possibly discover other properties or contacts instead of hanging up the phone when they say they do not want to sell the property you called about.   

I'm Maureen Watkins and my husband and I have recently discovered the world of real estate investing.

Explore Home Depot for "window shutters, paintable" and you'll discover the issue for yourself.

Networking, I am rapidly discovering, is an invaluable aspect.

Every component as an "estimated useful life".

Like others have mentioned, the source needs to be discovered.

It's usually not until the exit when you will need to worry about any individual state filing.Also the syndicates will have your home state info and will generate any K-1 specific state info if needed.For instance I had investments in CA so I did get some CA specific K-1 I needed to fill.The only thing I did discover is every investment will generate a k-1 so adding them one by one into turbo tax can be a fun weekend activity.

Yes it is natural to feel overwhelmed when discovering something new that you don't quite understand yet.