However, I have already found an opportunity I feel I can not pass up, even with as little knowledge and experience I have, and am looking for any and all advice and thoughts on my first move into real estate.A life long best friend of mine has been offered by a family member for $20,000 to own outright a 3.5 acre lot with a run down mobile home on it.

When they move out and the next tenant moves in, another clear coat for $20 will make them shine once again.

But there's several questions and parties (eg. lawyer, realtor, title company?...) 

The only time you should sell is when you know the money can be invested in something that will produce a much better return or when you need to move the money to bring you closer to your personal goals.

The initial plan was to slowly rent out the spare rooms and renovate until a refinance/moving out and onto the next property made financial sense. 

My company designed and furnished a STR property in Holden Beach in 2022.

I just locked a first time home buyer at 5.75% FHA 30 year fixed so rates are moving in the right direction. https://www.gotrendvision.com/Post2WebResponsive.aspx?

Hey @Kevin Quat I just moved to Bluffton and am looking to get started in REI.

My first attempt at renting my SFH resulted in bad tenants damaging my home and I had to fire my property management company. 

And they are not the only tech and otherwise major company coming into the area.