Is Note Investing (NPN) recommended for newbies w/40k to start?

[Eduardo Cardena]

Hello there!

I just attended a local RIA club meeting where they talked about note investing – first time for me hearing about note investing.

It was a really nice eye-opener for the opportunities available and other method to acquire property (as worst case scenarios) through note investing.

They offer a course to get educated with Eddie Speed from noteschool.com

So my questions are:

• Since I’m just re-starting my Real Estate Investment career, and wanted to focus on getting one deal before the end of this year, Am I getting ahead of myself by shifting to note investment from fix-flip (financing via hard money)? (assuming I would most likely have to buy a note outside of my state (Florida)
• Is 40k sufficient amount to start investing on NPN and research all variables to make it a good deal?
  I know it depends on the purchase price of the note, LTV, Collateral Value and have read Mike Hartzog's posts… but still looking to hear from someone that started if its enough or should come back when having more funds (how much?) to get better/realistic results vs now being able to buy-fix-flip one property with such funds.
  http://www.biggerpockets.com/blogs/5359/blog_posts/38939-note-investing-part-1---an-overview
  http://www.biggerpockets.com/blogs/5359/blog_posts/39074-note-investing-part-2---elements-of-npn-investment-evaluation http://www.biggerpockets.com/blogs/5359/blog_posts/39294-note-investing-part-3---evaluating-npn-exit-strategies
  http://www.biggerpockets.com/blogs/5359/blog_posts/39783-due-diligence-for-notes---tax-and-title
• Has anyone attended to an Eddie Speed noteschool program and is it recommended/worth it ($1000) value for 3 days? (to accelerate learning and further network?)
  One of their points is that they will guide you on how to create credibility with HedgeFunds they currently do business with in order to get better quality notes that one can find via internet sites or servicers like fciexchange.com (does that smell like an upsell for the future?)

Thanks in advanced for the feedback, cheers!