cut his teeth at Guardian.Anyway I suspect Passadore will do a deep dive into this as he managed 5 thousand doors in Oregon and give a written memo to all his owners..

There is a lot you can do to prepare before even diving into trying to do this on a 3 or 4 unit, though. 

After years of paralysis by analysis I am finally ready to dive into my first property!

I would however caution you to not write these deals off so quickly without diving deeper into why rents are where they are, why expenses are where they are and if there is any operational upside.The great investors are those who see opportunity where others do not.

Generally speaking, if the gross rents of a property are 1% of the purchase price, it will usually cash flow at least a little and is worth digging deeper into the numbers (Cap rate, Cash-on-Cash, etc...).

For fun, I might run the numbers deeper, but I wouldn't pay $1.2 for this park. 

If you want to go deeper you can factor in the annual appreciation rate to determine your IRR. 

In general, Texas is a litigious state and landowners make a bit of sport about suing the deeper pockets of operating and pipeline companies, so those companies will often express some flexibility in dealing with you to create good relations.  

Cold calls are THE BEST way to dive into sales.

Once there, I will be diving head first into investing.