Diary entry One- I just spent a month doing the due diligence, aligning the management team, developing relationship with key players (particularly the lender), and I am almost there.  

Plus if the senior loan goes to sale they can benefit from a cash for keys deal if the bank takes it back or if an investor buys it. 

Insurance is the key to protection.

You'll get a wealth of REI knowledge and learn how to take full advantage of Bigger Pockets.Listen to the podcasts , get active on the forums & set up key word alerts to be notified when people are discussing topics you're interested in.

There are a number of very good locations and there are lenders and turn-key operators that can assist first time investors to get into the market.All the bestNate

For example, you set up key word alerts. http://www.biggerpockets.com/alerts

You'll get a wealth of REI knowledge and learn how to take full advantage of Bigger Pockets (including how to connect with other Central Florida investors:).Listen to the podcasts , get active on the forums & set up key word alerts to be notified when people are discussing topics you're interested in. 

The key in this business is to know how you can add value to any deal (have a property, have money, have trade skills, etc...) and capitalize on that to build your business and knowledge when you are starting out.  

For example, you set up key word alerts. http://www.biggerpockets.com/alerts

I am interested in turn key providers in the KC area.