Would love to hear thoughts from experienced investors—does this approach make sense for a first-time real estate deal?

Permitting does take quite some time but you should factor this into your underwriting.

Do that a couple times.

The definition of poor initial cash flow has changed with time.  

My sacrifice… no haircuts and no fast food. 1 job full time, 1 full time side hustle. 0 debt at the time other than student loans.

Spending a healthy % for a reliable company can make your life easier and lead to more growth as you free up your time.

With your organizational skills and people skills, you will put together a team in no time.

@Mindy PerryReally doesn't matter what software you pick as long as it has the features you want.Two biggest challenges with ALL software:1) None are perfect, so deal with the tradeoffs2) Most users rarely put in enough time to really understand how to utilize the software.

Hi, I am just about to get started in real estate for the first time: I am thinking about getting a triplex.

To be blunt, this loan product can be very time-consuming and nuanced.