@Tim Delaney That is really good advise, I do of course need practice analyzing deals, and I may find the on- market deal.

Quote from @Tom Pappas: As a former CPA and attorney who managed a distressed property investment fund, I've analyzed countless real estate opportunities.

I don't have the skill set YET to gauge rehab costs and try to BRRRR, but I'd like to learn.This is definitely a choice but my option is that you will do better if you focus on duplexes and cherry-pick a few SFRs as you come across them.As for your Strengths, it sounds like you have an excellent ability to save and your ability to bulk analyze data will serve you well to identify big-picture areas, property types, and characteristics to focus on.I like that you realize the first investment will not be your best investment.

I am afraid we will fall for a property with a false sense of a good deal.Are there any suggestions to help me run an analysis that would better account for the larger down payment and allow me to better analyze potential properties in the future.

Greatly appreciate that you included the numbers... as a new/learning investor seeing the numbers can really help explain and educate when learning to analyze properties. 

Just curious if there is a thread on here anywhere that someone could link to that has bunch of fully underwritten deals by experienced investors? I see a lot where newbies are asking for help but as newbies, it feels...

That's also not a deterrent to REI...and it never was, and never will be.The real key comes down to analyzing markets, and not just individual properties. 

What I need to know is what are the things to look for and analyze when considering buying a lot like this.

Work with experienced local realtors, attend investor meetups, and use tools like Zillow, Redfin, and Rentometer to analyze potential properties.Good luck!

Unfortunately, I couldn't purchase it this year but I just need to keep saving, analyzing deals and at some point I will be able to purchase it.