I had to crush limiting beliefs—like thinking I needed to start small or that investing out of state was too risky.

Very risky bet.

I would bet that the cost of the land is contributing to the $4M cost - although that does still seem high.. but I'm not super familiar with Truckee market. 

If you’re just starting out, a long-term rental could be the safer bet for consistent returns and lower management hassle.On the other hand, some investors prefer out-of-state opportunities for better cash flow and affordability.

If I had hired a pro, it would have been done in under two and the extra rent income would have paid for the pro.My biggest misconception was my limited belief that I couldn't buy multiple investments.

Probably your best bet is the KC Star although some of their articles are paywalled.

Limit your holding costs. 

At the end of the day, neither are effective without understand how they work and their limitations but if used correctly they can be used in conjunction with one another.

Unless you find a lender that would give you a loan with no income then you would be limited to friends/family/or current resources. 

I have limited knowledge of Sub To deals, despite Pace Morby's excellent efforts to make Sub To well know (Sorry, Pace, it's me, not you!)