If you rented for $2800 and after expenses profited $2000 per month or $24k per year that would be a 4% CoC return basically on your $600k equity.

I used a basic DIY segregation study with an IRS audit guarantee.

Note I've done a bunch of reading I know the basics (have to buy in a certain amount of time, like exchange, etc.).

My suggestion would be 2 basic things. 

It is a good idea to really focus on understanding what comparable rents are like how much things will cost and the basics of figuring out a good deal.

To me, cashflow is basically like having insurance for your investment.

Basically 125/70.  

I think starting with these basic questions will give them a clear picture of what’s realistic and help them line up the right lender before they find their first deal.1. 

That gives us an accurate snapshot of the current condition and confirms the home is compliant with local property code and safety requirements.From an admin and risk standpoint, we make sure all the basics are locked in:Verify ownershipProper insurance in place with us listed appropriatelyGate codes, alarm access, utilities, warranties, HOA infoFully executed PMA and tax documentsEqually important is setting expectations upfront with the owner.

Do this for your 20s then from your 30's on you can basically spend money on whatever you want since your investments/business will make more than you can realistically spend if you do it right.