Demographics, interest rates, lack of supply, high purchase prices, etc.

If you're looking at deals that are more competitive in desirable areas, then you may need to go higher on the EMD with some or all of it being immediately nonrefundable and/or shorter on the due diligence period.

To overcome the lack of experience, I would highly recommend finding a mentor or coach.2.

What of the biggest dream killers is lack of knowledge, which leads to fear, which leads to doubt and ultimately inaction. 

You need to know your competition.  

You won't lack for shops, restaurants or schools in any of the areas you mentioned.

This is ultimately up to you and you could structure it several different ways (consultation fees, price per lead, monthly fee, success based fee, equity in the deal, etc) but your price should be enough to do the following: 1. cover the cost of your labor, time and any expenses incurred2. create a profit for you and your employees3. be competitive in the marketplaces with similar service providers

In mathematical statistics, such advice is considered the "Survivorship Bias" logical error.Wikipedia says: "Survivorship Bias is the logical error of concentrating on the people or things that made it past some selection process and overlooking those that did not, typically because of their lack of visibility.

However, as you all may know the housing market is super competitive.

I'm wondering if this would offset the lack of leveraged dept on the outright property. additionally, my other thought was to sell it for close to $125K (CMA by the local realtor) and make 10k from the deal after expenses.