Any input you may have as to why this may be a good/bad idea etc. is always appreciated.

D- Magazine with an article suggesting that the top end of the MF high end apartment market is in really bad shape from a pricing perspective.I think this is an early sign that we are seeing the end of the boom in Dallas. 

It may work in other states but NOT here.There are TWO WAYS to legally "wholesale"1. own it and resell (some guys call this flipping)2. be licensed as an agent (which allows one to represent others)This guy paid $5400 for BAD INFORMATION.

For example, a bad line from the house out to the street. 

Your dead equity is turning the property into a bad investment based on potential lost income alone.

I would love to learn more about operating expenses, cap rates, what’s a good deal vs a bad deal, etc... pretty much how to crunch the numbers in order to find a good deal vs a bad deal.

I am just beginning my real estate investing career.

To build a fourplex it will probably cost me in the neighborhood of $500,000 to $600,000 and the best loan product I found is 85% LTV which is not bad but to be honest will burn up most of my liquidity so once I'm in this deal I would have to wait for a while in order to do my next deal.I feel like when things are too complicated they are not meant to be and the simplest things most of the time the right answer.

This dilemma is actually something that will keep you in check.Okay, before you think I'm really bad at estimating know this.

At this point in my career as soon as someone tries to impress me with their wealth I almost immediately write them off.