I couldn't find any local meet ups or local groups in the area which was surprising because after looking at the Cedar Rapids area appears there is a lot of opportunity but I'm not an expert either.Thank you all.

You will meet people in those classes that can help you along the way.Another way is to find the deal then get a partner to help you complete the deal and split the profit.

And if you can't afford to make it a gift, then you should find other ways to assist.IF I were to ever make an exception to this rule it would be 100% conditional - learning about money management, meeting with me weekly to review your budget, etc.Simply handing money over to someone who does not manage money well is not fixing the problem.

What to look out for in determining potential neighborhoods (I am not local to the area and is curious on how "hot" neighborhoods started out and what signs to look out for)How bad can a bad investment be?

@Chris TranI work in Irvine, so we can meet up after work.

I would be wary of anybody you meet on BP or in a networking event that immediately jumps to investing.

If anyone in the area would like to meet sometime to talk real estate, I'd be more than happy. 

if you're interested in finding some properties in a RED Hot market down south, we have them!

He can be a hot head and get offended easily and be the kindest and most appreciative person at the same time.

If it is valued at $300k then you would need to rent it for $3,000/month to even meet the pathetic 1% rule.Definitely speak to a CPA, but I would personally sell the home.