What advice can you give to a complete newbie?

However, I still would do a complete analysis of the life expectancy of all your major components and appliances. 

They are due for a rent increase that has not been completed by the previous owner.

Some REIA meetings might also have food if hosted out of a restaurant space.You can find some free ones with Meetup.com, but they aren't completely free because Meetup charges the host of the Meetup group monthly fees.

We ended up taking 14 months in total to complete the project instead of 6 months like we projected.

He said he's completely gutted and flipped 15 houses last year, he showed us pics and the work was impressive.Neighborhoods felt very nice, but surround areas seemed a little more rough (strip malls, etc.)

I checked out the house, made the repair list, passed the 1 or 2% rule - now for the business end and completing contracts.

To be fair, they made me aware that $2350 would be refunded after completion of the first deal.The other $650 is the cost of 2 appraisals that need to be within 10% of your ARV on a property in order for them to fund the property.I would also have 24/7 access to advisors and a plethora of listings “right in your own backyard” to choose from.

Do you really think it will only take 1 month top complete the Rehab? 

I completely understand that there will be all types of ways to tackle this and I'm looking forward to seeing what others are doing.