It depends on what aspect of real estate you are trying to learn.

The value of the option is based on two aspects, the value of the business decision of buying the property taking legal title (called the "real" option) and the "financial" aspect which is derived from the value of the property over the term of the option, being "in the money" is the difference between the market value of the property less the option price along with the cost to acquire the option.

I paid a half plus a hubdred bucks a file, closed.Another aspect is doing seller financed deals, brokering for HMLs/investors, if you're interested I can give you some info.

I would really be interested in hearing about people's experiences regarding this aspect of investing.

Try different aspects to see if you like it.- How much time do I have for real estate?

If you feel you are better off being the expert in certain aspects and farm out other aspects - then go that route.

There are many aspects of RE investing, why did you select this one?

I have a long timeframe to work with and have no desire to work less hours (I enjoy working all day--on things that interest me) so the learning aspect is a wash also.I'm leaning towards doing rehabs right now.

You'll find a good information about all aspects of the real estate world!

If you are in any chain of title or equitable interest your liability ends with the successful completion of the chain of events resulting in a title transfer, generally, but if your interest has any unauthorized or illegal aspects that clouds title you could be responsible for a long, long time if you are acting in a commercial aspect, less so to some extent if you were simply selling your personal residence.