I have friends who bought in Texas, Chicago, Minnesota and Tennessee so I've been watching those markets. 

Quote from @Amir Portal: Hi friends , i Would be happy if you could guid me from your experience on where to start whit a strategy of BRRRR in DFW

As for competition.  

I have deals needing funding and want to ensure I'm structuring them in a way that's competitive and appealing to private lenders.

These are great for experienced flippers who can handle the tight timelines and costs.Private investing usually involves individuals funding your deal, like friends, family, or networking connections.

FYI, a 203k FHA loan is not a DIY-friendly option.

Have recently started a renovation company with a friend, both of us successful business owners and talented in the trades.

You should invest where you feel you have a competitive advantage.

Instead of stressing over timing it perfectly, focus on making sure the deal still works even if rates shift.Since you’re buying in Norfolk, check if lenders there offer any investor-friendly incentives.

I highly suggest working with an investor friendly agent so you don't buy in the wrong locations.I like the west side of Cleveland.