Key is don't let greed and inexperience get in your way.

No shame in experimenting and seeing what works best for you :)

their business model is geared for the rookie but the money you spend paying them combined with your inexperience can make profits slim in a tight market.check out Investors Mortgage Lending, their sister company for some interesting hard money programs.

Biting off a multi family as your first can certainly be done, depends on how big and the cure for your inexperience is having a PM at least early on in the ownership, that can put you in as a passive investor too.If you take on debt personally it will be on your personal report.

While that investor may have had unrealistic expectations, inexperience or simply bad luck, once the deal closed, they were miserable. 

I am trying to view it as a fun event to generate leads instead of being so stressed out about my inexperience.

I guess just due to inexperience I'm having a really hard time finding something where I come out in the positive. 

(if I refi and pull out the equity it makes the CoC negative for the next 3-5 yrs)1031 option: sounds good, but I am concerned about finding the right property in the timeframe and my inexperience with this  creates risk.

Their inexperience is going to require "babysitting" them until they learn the business, which takes a lot of time, yet they want the lowest price!

Hi Jerome welcome to BP   great source of information I'm in applevalley  ca ,high desert  I have 30 years in experience in residential  building  and rehab  , flipping   I assist  in purchasing  and  rehab property.