I understand that it may not be the most profitable deal, but for my 1st deal I'm looking more to gain experience and walkthrough the entire process.

What do people typically do in these situations? 

I know how it gains you access to the MLS, networking opportunities, increase legitimacy, and save money on commissions (when I do a fix and flip).

I don't think a birthday card will gain any good will. 

I can tell you that business typically slows down from October - April.  

So can go into a neighborhood's GIS system and look up what the individual parcels are assessed at and omit the building (also referred to as improvements), typically the real value of nearby parcels is somewhere between 50% and 75% of what the county claims; example: if the Fredericksburg GIS system claims that a certain house's land is assessed at 50K then your investor should NOT buy it at more than 37,500 at the VERY most.One MAJOR point to take into consideration is: an investor that you will help buying a parcel of land is an investor that will have less money to make future purchases.Good luck, and fee free to shoot me any questions as I'm very familiar with the Fredericksburg area and won't hesitate landing a helping hand to fellow BP.

When I write our loans, we have a grace period built in - typically 5-10 days - before the payment is considered late and penalties are due. 

Is a down payment typical, or does that really just depend on the deal?

These are my influnces for wanting to learn how to invest.Why I'm hereAfter obsessing over the subject for the past two years I've concluded that flexibility is gained through having multiple streams of income, but that caused me to hit my current roadblock: time.

Because tax law treats investment and owner occupied property differently, I would imagine that the only consequences would be in capital gains and depreciation changes.