I know the prop is worth more than $200k as there are homes not remodeled to our level and no finished basement for 200k and this is a brand new house.

HelloI'm brand new to real estate investing.

I'm Keianna Rae Harrison an interior designer and home stager based in Indianapolis.

While the education that they lay out is great, organized, and have networks to back them up (some) the market is very hot right now and I would consider it a bit foolish to spend that kind of capital on a program that was designed in the last down cycle.

I am getting ready to form my first LLC and buy my first buy and hold property for passive income. I will be asking lots of questions. 

Hey BP,My wife and I are brand new to REI and BP.

Get a mentor to help you and always Check with an attorney to assure you are in total compliance.I build new for rental primarily for the following reason: 1) I am a builder and have the KSAO's (knowledge, Skills, Abilities, and Other) means necessary to efficiently and effectively build; 2) I buy all my land substantially below market value (usually off-market); 3) any land I buy at market has an immediate value-add component that can quickly make it worth more that what I paid for it; and 4) Cap Ex is generally MUCH less for new construction which means a stronger cash flow up front, but you are always going to need to maintain a suitable Cap Ex account if you are truly going to hold for more than I'd say 7-10 years.... but everybody has their separate opinions and thought process concerning what the "right" amount to designate to Cap Ex is proper..... 

What advice can you give me (someone brand new in the business)?

This is such a great place to learn a lot from peers who hold your success near and dear as we have all been brand new to RE Investing.

I don't quite have a path designed to reach my goal yet but am considering investing in the places i've lived in kansas.