But after a year or so I want to purchase my first single family home and BRRRR it and continue BRRRRR'n SFH's. honestly, I'm not sure if this is a good idea, or good start.

I’d like to continue with real estate investing despite its challenges.

When you can borrow 80% tax free and continue to collect the income?

It's so bad that my last purchase was in Indiana, which was my first OOS investment, and likely will continue to look there if the market doesn't improve here.  

Seems like a very strict penalty if this is not followed through.The CTA provides that willfully reporting or attempting to report false or fraudulent beneficial ownership, or willfully failing to report or make updates to the reported data shall be punished with a civil penalty of up to $500/day while the violation continues (up to $10,000) and a criminal penalty of up to two years in prison. 

The participation must be regular, continuous, and substantial as defined by the IRS.

For this, the learning is done by continually talking with people in the market you are looking and similar deals.  

When you do that, you can get better pricing and leaves less room for error.The best advice is to push forward as quick as possible, fail forward, and always continue to introspect on what you would do differently and then ACTUALLY go back and implement that change (easier to say than do).

They had caught some trespassers.We have continued to upgrade our security systems as capabilities have increased and costs have decreased.  

what's your intention for continually raising capital?