Then, I would suggest finding and experienced mentor and/or partnering with an experienced operator to take down your first deal.

I think a lot of people are experiencing this with the high property values.

My best advice to any new or experienced investor would be to just run your numbers and narrow down your criteria.

The only time I have experienced cons in partnerships is when there were no expectations of who is going to do what, or what the payouts will be.

Before you sit down and speak to an experienced investor, it would benefit you greatly to do some research here on BP (for free) to learn the lingo, the steps, the formulas, etc.

@Greg Reese you have provided us with a perfect example of why you should have your own experienced agent representing you in a real estate transaction. 

I think we got lucky too, as our place is walking distance to the elementary school and the schools in NW Reno in general are pretty decent (I don't have any first hand knowledge on this just going off what what we are experiencing now). 

Hire an attorney experienced in real estate.

You should outsource what you feel uncomfortable with to an experienced professional such as a property manager.

Hello everyone,I am an experienced new construction and remodel Residential Contractor looking to connect with partners/customers.