Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

No you do not have to have an original mortgage. https://www.fanniemae.com/content/guide/selling/b2...I thought you did at one point also. 

Have you read any of the BP guides(under the education tab at the top of your screen), watched any of the webinars, listened to any podcasts, or read any RE investing books yet?  

Do not get hung up - get started and add as you need them if you are the DIY kind of person.https://www.irs.gov/businesses/cost-segregation-audit-techniques-guide-chapter-5-review-and-examination-of-a-cost-segregation-studyCheck this out.

Is there a good guide out there on how to organize a club like this? 

I'd say that is just being scared, they often point folks in the right direction without a bill, you might get limited advice (better than none) to guide you if you really can't afford for them to do everything, they can look  over something and point out any issue, tell you what to do or fix it telling you your benefit and the cost.

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

The Ultimate Beginner's Guide is a good place to start.

Also read up the "Ultimate Beginners Guide" to better understand the basic concepts and RE jargon.

A really quick rough guide would be as follows:In KCMO: Avoid east of Troost.