When you engage the lawyer, ask questions, review the documents, then ask questions again.

Now when you get more confident and start acquiring more properties then yes if you choose to find a PM then go for it, as you will then have the experience, knowledge and understand the scope of work required.  

Now, I understand that nothing is perfect in the real estate business, but I am confident in this project, especially given the current status of the economy, so, where are these developers?

I’m pretty confident that even though you made a mistake you can recoup .

*Bottom Line: If you aren't buying deals, it's not because they aren't out there. 90% of the time its a vision, confidence, and largely a perspective thing..

I can say that with confidence because I did exactly that!

Be sure to be as active and engaging as possible.

It's great training and should give you some confidence that your agent has the specific knowledge to help you with investment properties.

Not a whole lot of confidence to report.  

The 90% confidence interval basically tells you how accurate the number is.