I have found a domain that is a .com and is 16 letters long but it does consist of 2 keywords. Do you think it is worth buying. Valuate.com appraised it at $370
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Maybe. I like valuate.com a lot, but it's much like Estibot and useful as a "guide", NOT an indication of real value.
I saw your other post about flipping .info domains and I think you know now that without spending time and getting real experience, your chances of making much money are limited. But if you buy a bunch of low value or worthless domains to start out you will be doing what most of us have been doing.
My advice, buy a few domains, but try to buy ones you don't have to ask about. Then you should do much better.