Some also seemed quite bitter at the fact I was even in the business and wanted their help in assisting me to find a deal.

If you are looking to purchase 2 properties make sure you can get financing for both before venturing into the first deal if you are seeking loans on both.I would suggest to keep your eyes open on a foreclosure or short sale if you are very handy and like to fix things up.  

At least get assistance from an accountant familiar with such matters.

Hope you find what you seek! 

Seeking knowledge from anyone familiar with the area or have referral sources.  

Many people "jump" into the property management space seek an opportunity after the Great Financial Crisis of 2008.  

BP has a tremendous amount of information to help you, but it is only available if you seek it out.

Hi @Adam WorthNote I'm not an expert negotiator but have been doing sales for a while now and since I'm still very young I'm noticing that the results you seek out of life comes down to how well you negotiate lol from buying a car, going on a date to everything (at least my experience lol) But this in one of the reasons I truly love Real Estate there's so much information out there for your disposal that you can justify the offer your going to make regardless the amount.Since he's your neighbor don't feel like you're going to insult him because you just never know what that person is going trough in closed doors a ridiculous offer just might make his day especially if he can't financially keep up with it or it's stressing the person out.Regardless just be prepared with facts baking up the offer your making, you can do this buy talking to a Realtor to get a CMA to see what has sold and get a ARV since his home is similar to yours, since you mentioned he overpaid this tells you that he might be underwater or have no equity this gives you an opportunity to ether lease option or some type of seller financing.

Hi @Bryce RobbinsI will PM you the details for a lender who may be in a position to assist. 

Last week, taking suggestions via the Podcast, I formed a LLC last week here in Idaho and am seeking to roll title and deed into the LLC and out of my name, but it is my primary residence.