Just learning the ropes..People say buy a foreclosed property for your first home and take a rehab loan for renovations matching to your budget. Is that so? And how? What’s the catch

I’d like to ask some people for advice on any questions I should ask, what not to say and maybe even what you wished you have said to potential investors.

What you learn by "just jumping in", is what not to do...as you make mistakes. 

I've bought everything I have off of the MLS so far, and a couple years ago I got my license to help myself find MLS deals and whatnot in my local area. 

just from getting the person's name and number, i can sometimes see they're in bankruptcy, or have liens against them, or whatnot, just from searching public sites. 

in terms of the asset itself, it would be about a 10.5x cap, and the gross operating income (excluding financing/expenses/whatnot) would come out to about a 45% CoC return. it's just that all that return will be going into the mortgage.

I had recently just come across a few youtube videos detailing what not to say to contractors when they are presenting their bid.

Research tactics, joint ventures and what not to do.  

Whichever way you go, I’d suggest you start with a basic understanding of what note investing is, (performing vs non), the work involved and the risks.  

@Frank BonzaiIm not sure on the averages and what not, but I would be surprised if you didn't get at least one if you were to do 500 calls per month which is are 16/day for 6-12 months (same 500 owners once a month)