I faced numerous hurdles and stressful moments, but I persevered and built a successful approach.To tackle this challenge, I recommend starting early by building relationships and seeking investors.

We see a lot of our clients in Denver and Colorado Springs have success with either rent-by-the-room or some sort of basement apartment/ADU setup.

But I wouldn't worry as long as your filings said successful.  

His goal is to diversity his money as he's been very successful in another business.

If a residential contractor can take the AIA system, paired with the commercial professionalism and apply it to their residential business, I can't imagine how they wouldn't be successful. 

Trade some comfort for financial stability.Part of attaining financial success is being simultaneously optimistic and paranoid. 

If you're expecting property owners to sell their home to you at a discount, you'll need to earn their trust - whether that be by demonstrating a successful track record with purchasing/selling similar deals OR by meeting them face to face and separating yourself from the dozens of local investors and realtors.Lastly, I'd recommend searching past posts related to this topic as well as checking out books related to your target investment strategies.All the best!

Quote from @David Martoyan: Has anyone here successfully adjusted their strategy to focus on finding deals that don’t follow the traditional ARV formula?

As a newbie, I need someone to guide me from the beginning to try to avoid mistakes and hopefully be very successful.

I am looking to progress my real estate investing career in a responsible and timely way, and it has been hard to save money for my next property while paying this much for my current property.