If you are a beginner in this business the biggest problem is that most wouldn't recognize a good deal if it came up and punched them in the nose. 

Funny how finnacial "wizards" always try to quicly distract BP investors away from thier comments with subsequent posts when they poke thier nose in a discussion topic in which they display complete finnacial ignorance to all.That's okay,  they need to learn too.

I've been nose-deep in turnkey world for about 7 years now.

@Ellie NarieIf you did have to pay SE tax THEN rent the house to the Scorp at a dollar less than what you make thus your scorp income will be a dollar and you personally take the depreciation and rental income with no SE tax.

The practice you get from analyzing deals will help to ensure you don’t pay through the nose for your first deal so as long as you know your limits and don’t bite off a bigger project than you can handle, it should be a very positive and informative process.

My nose says yes he'll be fine, but numbers don't.

I'm buying office, retail and special situations.But, let me also say, I have invested passively  in several multi-family syndications recently and even at these nose-bleed levels they still look much better than anything else I could invest in.

The projections the developer is saying may or may not happen and if a down turn happens you have no money coming in and a fractured project.

Do you get many nose bleeds at that altitude?

And that's why I show my property myself, it's when your nose can pick up "spoiled brat".