Using hard money for first rental- implement "BRRRR" strategy?

[Jacob Desch]

Hi all,

I'm 24 and a newly licensed Realtor in the Cincinnati, OH area. It's a great market with a lot of opportunity but I have very little capital and would most likely not qualify for a loan from a traditional lender. I feel that I've educated myself enough over the past few years to confidently be able to purchase a rental. 

Is it a poor/too risky plan to use hard money to purchase my first rental? Is there value in waiting and using my own capital at least for the first investment? 

Best,

Jacob