We do long-term rentals and practice BRRRR on every deal. 

For those interested, a combination of mortgages with no “due on sale” clause, mortgage companies loose due diligence, and title insurers willingness to “turn a blind eye” to practices that wouldn’t pass scrutiny now, resulted in tactics like the “second mortgage crank” which not only allowed investors to purchase properties with no money out of pocket but allowed investors to actually walk away from closing with “cash in their pocket”.

As you get more familiar and develop best practices, you can then go to new construction.I hope this helps.

Another common practice for nationally sparse datasets such as tax data is aggregation.

Don't start throwing ideas at them like seller financing or numbers etc until you have an idea of if they actually intend to sell and what their needs are around the sale.This is very practical advice and I agree with the sentiment about not going into a conversation presuming anything about where their headspace is at.

This is a practice by some less than reputable companies.

I also have some investor agents that send me off market deals via email on a weekly basis – which are also good to practice deal analysis. 

This thread shows there is a need for a larger guided discussion on best practices as it relates to (renters) insurance.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

There is a storage deal that is actively being raised for over there that you can practice analysis on.