However, I am considering working with local realtors to identify  properties with potential at good value and hire my own General Contractor to get it fixed (the BRRRR business model) 

To start, I'm eyeing foreclosures and I have identified a couple attractive ones (in good school districts, right price point, etc) and I intend to try and get a walkthrough on those properties.

How did you identify and begin to build a working relationship with a portfolio lender?

The  purpose of your contract will be to identify the price the seller is willing to accept, a deadline, and ensure that you can't be squeezed out.

You need to hire a QI immediately.Also, the timeline is to identify the replacement property within 45 days (which includes day of closing).

They typically only remain bad if you allow them to remain bad.I don't recommend software until you have at least 20 units and you can identify ways software can help you.

I’ve been able to identify some very profitable off market deals this way.Good luck

Question is: If I have identified a property/properties that are good buy and hold investments, should I put an offer in and then ask for a hard money loan, or just show the property and numbers I am interested in to the lender, and then try to get the offer accepted?

Identify a budget for investing that you can sustain for at least 6-12 months to gauge success/failure.6.

@Tra'Mell Taylor  @Christopher Blanco I also sent a request your way because insight from a local would be a great help in identifying an area that makes the most sense.