When you present yourself as inexperienced and without a whole lot of cash, they make it harder for you with higher interest rates. 

For example if you are inexperienced, don't have much time but have capital I would recommend avoiding ground up development for example.

As a very young and inexperienced aspiring investor, any advice would be much appreciated!

:@Hai Loc that seems highly speculative and leaves a lot of time for something to go wrong and depending on how much needs to be put down, the return does not seem worth the risk even if it was a small percentage of someone's investable capital.I totally agree it's pure speculative.. the sad part is lots of people have been making a killing on it.. its definitely not my cup of tea but I bought a few at the right time and to be honest got lucky..

Cap rate won't matter.Hopefully you have a relationship with an agent in the local market who can help you find comps; especially if the agent knows you plan more / future investing in the market and could throw more business their way.2 years is plenty of time.DISCLAIMER: I am not an investor so take my inexperienced advice for what it's worth.

The only time a month-to-month would be more advantageous is if you are an inexperienced Landlord or the eviction laws are extremely tenant-friendly in your area.

My thought is they are trying to get rid of the property by fixing it up to make it look modern and hope a inexperienced buyer takes on the property not knowing the servility of the problem.

In my opinion SFH and small MF out of state has the highest risk and lowest rewardlarge MFH (100+ unit) comes with the highest reward, but does carry some risk if you are an inexperienced operatorInvesting passively in a syndication or crowdfund can be a great way to go.

For an inexperienced developer it would be easy to lose money, or to find buyers willing to work with you, as it's a big risk for them.

Would you happen to know an effective way to get in touch with a local mentor as well advice on how I can add value to them while being new, inexperienced and low revenue?