I’ve heard from some lenders that I need more equity, others said there was a “cooling period” required after purchase to be able to use additional gained equity in land (from rezoning), and others needed prior experience.

Those that teach, can't do".BRRRR out of state is very risky business IMO.If you have a $150,000 liquid you could pick up a nice flip in Texas.Haven't been here long but have been long enough in the RE market to see how booming things are here and the deals to be had especially from flip standpoint.I'd stay local, buy, fix and flip and only buy, fix and hold when you cash surplus allows you to do so.Just my opinion and wishing you all the best

You never want to deplete your liquidity into a deal. 

Hi Dasha,Very cool to see someone 16 years old on the BiggerPockets forum with an interest in professional life and investing time into their future rather than endlessly scrolling through social media videos! 

I anticipate having around 100k in liquid cash for time of next purchase. 

I bring up new paradigm here :it's because of too much expansion of money.What I mean by that is because we have lot of money increasing floating around with downpayment as little as 5-20% can already purchase a house with 30 year fixed debt, the number of potential purchasers are increased by a lot, while supply is diminishing, the amount of liquid hard money is increasing, and liquid money is always going to hard asset like residential.if you cut 30 year fixed program and gov no longer print money, the buying power would reduce.

Liquidity is NOT control over the investment itself.

@Eric AndrekopoulosNope…what do you think I am… liquidating my portfolio LOL.  

Account Closed that's pretty cool. 

I make sure we have enough liquidity to close.