Quote from @Adam Macias: The economy is not healthy ya'll.House prices are coming down.Look at Texas and Florida, two years everyone though these states would have infinite growth.What has happened?

Does anyone have suggestion on how to streamline due diligence, locate more quality candidate investments, or just operate a healthy investment portfolio for this area of real estate?

I want to get skin in the game and have feelings of FOMO waiting, but at the same time it feels like I could be rushing into a headache all at once. 

He has no skin in the game. 

I don't agree with not having skin in the game.You are borrowing other people's money to get involved in real estate or oil and gas.If you don't pay the note, they will take the property / investment away.

Is this healthy for housing? 

It’s a strong market for building experience and momentum.Charlotte is a healthy, growing market with better appreciation potential, but the higher entry cost and competition can slow your first few deals.

Many first time homebuyers struggle to have any skin in the game in the first place.

For the gap funding, a lot of newer investors start with friends/family private money, small partnerships, or a simple promissory note with interest-only payments during the rehab, and private lenders mostly want to see that you understand the numbers, have a real plan, and have some skin in the game.

Mostly paperwork.When routine non-compliance can multiply a property’s debt 3x above its market value, we’re no longer talking about a healthy regulatory environment.