You'd just want to do a really really really good job of securing it.This sounds like a good house for you to list with @James Wise , actually, so he can make a video of it and probably sell it to some other non-local investor for considerably more than you paid for it.

There's youtube videos on how to do everything these days, plus freelancer sites where you can hire attorneys to do a quick review.

I have listened to dozens of Bigger Pockets YouTube videos and I'm hooked! 

Taking time to pause and breakdown videos he’s created about the workings of the economy is invaluable.On Audible I’m listening to Currency Wars by Jim Rickards.

And for clarity on the double digit cap rate, I'm not don't purchase at double digit.

I listened to a few youtube videos on it with people who do it as a day job and it sounded like a whole lot of things you need to know before you even start.

The problem with most newbies is that they fail to take action and implement the knowledge that they have gained from this 3 day seminar.Just because you pay $ doesn't mean you will take action.Between the knowledge gained from 3 day seminar and free resources here on BP, you have enough info to get started.Make sure you know how to crunch numbers and if you are unsure than watch a few of Brandon Turners video's and you will be ready to make offers.Best of luck!

There are youtube videos on how to run the numbers on rental properties if decide not to upgrade to pro.All in all I would say to build your credit and start running the numbers on properties!

@Jared Palacios I am new so others might have different opinions but I would read articles on bigger pockets, read tons of real estate books, watch Youtube videos/ bloggers that are doing deals and just take as much information in as possible.

Hi everyone,I've been listening to the BP podcasts for a month now, watching videos, and reading forums.