I'm a brand newbie to the world of REI and this site and I'm looking to go ahead and jump in and get my feet wet.

Exciting and fun times ahead!!! 

If you understand his formula, then deliver houses that provide that and your problems are solved, assuming you have enough margin for yourself.In other words, find out what he wants and needs, if you actually understand that, and you figure out how to supply that, you dont need to spend much time trying to build relationships, building a relationship will become almost automatic if you supply his needs and yours are met as well.I have had many newpeople buy me lunch, ask a list of "good" questions, but ive never yet had a wholesaler bring me anything that remotely resemble what my criteria, which are reasonable.

It seems the consensus is if it's for myself, go ahead, if it's more than a member I better get a lawyer.

I know as investors we like to use formulas to help us evaluate but sometimes you just need to put everything down and look at the situation:  Originally posted by @Brandon Hall: It's a four-plex with 3 of the units being 2/1's and one unit is an efficiency with a kitchen, living room and bathroom.

Learn as much as you can, Find that first house/duplex where you can rent half out and you'll be miles ahead of the rest of us when we were 19.Travis

Will you still come out ahead?

Looking ahead, I see RE Investing as a life long thing that will grow with my increased financial stability.I've read the millionaire mind about 7 years ago which is what inspired me to get into real estate in the first place.

@Erik Drentlaw Honestly, I think you're getting a little too wrapped up in formulas.  

Congrats on the triplex as it's a nice place to fall into, and you're obviously already ahead of the rookies. :) I've also been listening for a few months and a 1-hour commute to work allows for quite a bit of listening an educating.