We don't want to set the ARV too low because then our offers are coming in even lower and that makes it harder to attain a property.

Student rentals or Airbnb are ways to increase cashflow and attain 1% but they come with additional concerns.  

If you are a cash buyer, 10% + net cap rates are attainable.

Eventually, I'd like to dive into multifamily and gain experience there.I did start off being a private lender myself but wanted to get my feet wet with BRRRRs of my own attaining passive income on the side of my W2.

A lot of people are doing it because its cool and thats not a good enough reason and it won't keep you in the game long enough.So figure out that "Why"Third thing is set a goal, something measurable and attainable, and make yourself accountable to somebody.

In my experience most people do not attain good savings rates because they can't (don't) get their spending under control.

This is attainable with a DSCR loan. 

What deal flow does he have that you are unable to attain on your own investing through existing online platforms and portals?  

I know of prefab passive house manufacturers who also work with the clients to attain the financing since it is a very unique situation.

But we always need to remember that when starting out, putting in the structure to get off market deals is not attainable by many newbies.