Your potential return is unlimited, but for this you get to deal with toilets, tenants, and termites.

I am also looking for potential partnerships and referral networks in both the San Angelo and Abilene area, as we are neighbors.

make sure you clearly define roles, capital investments, and obligations for ALL potential scenarios so that you're on the same page about them well before they potentially arise. 

I graduated with a Masters in Accounting a year ago but, the more I research I do on real estate the more interested I become.I was going to pursue my CPA, however, i’ve been considering a Real Estate License. 

@Jesse GrimUsing a hard money lender (HML) could potentially speed up the process of accessing funds for your fix and flip projects, but it's essential to weigh the pros and cons carefully.

If a potential tenant is not comfortable with a vanilla lease, I believe they did you a favor not booking the place.

The IRS is very stringent on education and research hours, and have shown in several tax court cases that people who just "manage the manager" will not pass the audit.

Things to look out for----Ask a lender what your potential interest rate is going to be and what lender fees are associated with this rate (underwriting fees, points whether they be origination or discount). 

Take your time to research and evaluate your options carefully, and don't hesitate to seek guidance from experienced investors and professionals along the way. 

I just did some research on the National REI Summit in OH and our local REI monthly meetings!