I looked into several online mentorships and they were all extremely pricey and of course they didn’t come with any guarantees.

Property values are going up extremely fast right now, but interest rates are so low that it helps to offset it.

If I had to guess, prices will keep rising to extremes for a while yet and then suffer a decades permanent long decline aka mean reversion.

Owning rentals or doing fix and flips without a good CPA is an extremely bad idea.

So before you decide anything, make sure you run the real numbers (versus using a guideline) and confirm what you expect to see for returns.Secondly...my only caution is if the property barely cash-flowing (not saying that's what will happen, but if it really is a barely)...there is an additional risk in CA in owning rental properties which is the extreme tenant-friendly laws here.

But now I'm extremely nervous because he offered me $205,000 but he(or his company) doesn't intend on purchasing it.

From ones I have seen, they border on predatory lending and have extremely high interest rates.

There are some extremely AWESOME people from the Shreveport/Bossier area on Bigger Pockets.

I do not want to invest in property here in NY because I know it is extremely expensive.

The inverse to that is that financing is extremely easy to find right now compared to a few years ago.