utm_source=newsletter- https://www.biggerpockets.com/renewsblog/telltale-signs-youre-not-ready-to-invest/- https://www.biggerpockets.com/renewsblog/vital-importance-mentor/- https://www.biggerpockets.com/renewsblog/get-ready-to-invest/- https://royallegalsolutions.com/get-your-head-in-the-game-four-pro-tips-for-creating-a-winning-real-estate-investing-mindsetYou might want to read and follow these threads:https://www.biggerpockets.com/forums/48/topics/630353-advice-to-your-20-year-old-selfhttps://www.biggerpockets.com/forums/12/topics/625324-looking-for-financial-advise-for-getting-started?

Leave ready for priming, pointup and painting.

We’re ready to get started investing in multi-family apartments and noticed some interesting dormitory opportunities.

I am so eager and ready to start but honestly the fear of failing is at the side of my brain.

We came close to getting him to sign a purchase agreement a few times, but each time he ended up backing out because he just wasn't emotionally ready to sell.

From what you said it sounds like he values time over money so negotiate the money which it sounds like you have a good purchase price, unless you have to renovate the home to get it ready. but assuming you dont, pay the 3000 for consideration to lock the house up, market for your tenant buyer and get 5k-7500k for the option to purchase and tell them they have 3 years to clean their credit up to buy it.

They have a house that in their mind isn’t “market ready” so they are looking for an investor to buy it knowing that it needs repairs before it could be sold on the market. 

Consider a rental property purchased vacant and in need of quite a bit of repair and make-ready before renting out.

I am new to REI and I'm ready to get this journey started.

Essentially a move-in ready home is the only way they finance so I didn't get the chance to buy with equity in the deal.