"A smart person learns from his mistakes, but a truly wise person learns from the mistakes of others" - Ken Schramm

The latter is something I would personally wait for.

I would personally rather be the guy with the lower purchase price and higher rate, but it doesn't help a brand new househacker in the short term. 

Do you have a substantial personal savings that you can use to invest?

Hi all,This is a zoning question that I'm hoping maybe one person in this entire forum knows the answer or could at least point me in the right direction.

If you have plenty of money then it probably wouldn’t matter how much the property costs, but for a $1MM+ property I’d personally want at least a 6-7% annual return through cash flow (15% or better preferred) and a pretty good idea that it’s going to appreciate solidly.

Network (in-person events and online BP)3. 

That being said, I would use the "Lenders" link on BiggerPockets to try to reach out to more lenders about any programs they have that may fit your needs.Granted, my personal experience is somewhat dated, but when I was primarily doing BRRRs, I had a local lender that required 12 month seasoning on my first two deals.  

Owners are able to list their personal contact information, but I believe there is a stipulation that the contact must be local to the property4.

Keep personal and business finances separate to create less headache.File all receipts in a dedicated Google Drive folder.