But almost every single person there had ZERO investing experience, very little money and are looking to better themselves and their station in life.I could see the wide eyes and the nearly salivating mouths from some of these people at the prospect of what this dude was selling.  

I would make sure that $250-300k figure isn't starry-eyed.

I have had one eye on real estate for several years now and finally, it has taken over my mind. 

We’ve started keeping our eyes open for value-add larger apartment complexes, and are fortunate to know and be able to learn from other local investors like Josh Stirling who are knocking it out of the park with apartment buildings.If you've made it this far, thanks for reading, and good luck with your own MF investing!  

Eyes wide open!

In the long run, it is the eye for the deal and your business sense that will make you the most money not being the repair man.  

But none of those Lenders said to me: "We'll lend you $100k, but because we're not checking your credentials, and we're giving you educational materials, and a small list of people who may or may not be interested in buying something off you one day, we'll put on our books that we loaned you $140k, and start charging you a higher-than-normal interest on the whole amount; and don't even think about not paying it all back, because we'll foreclose on whatever you bought with that $100k so quick it'll make your eyes water, and still chase you for the rest".

Bring your GC with you if you have one or the person whose going to be doing the work to eye things up. 

Good catch, I have actually had my eye on that property as well and was thinking of pinging the seller and asking for a showing.

You will run into these as a landlord and you can save a lot of $ if you can handle it yourself without jobbing it out. 4b) If you're good at sourcing fixer-uppers, while you're still renting but getting ready to move on, keep an eye out for a beaten-up multi-family, and take it down with an owner-occupied 203k loan - purchase and renovation funds in one mortgage, with a tiny 3.5% down payment.