Welcome @Kiara SpenceThere's alot of great points mentioned.You'll surely want to understand your budget, narrow your focus/objective, work with a lender/broker that understands your goals and put the right people in your corner to help identify deals.Are you going to reside in your primary and buy the rental?

The concept seems to generally make sense, but it's unfortunate that there doesn't appear to be a grandfathering of older liens before they changed the rules and cost thousands of people tens of thousands of dollars in lost bid premiums. 

This mindset continues to blow my mind from people.

The weed and drugs they are doing should be a clear indication of getting them out and getting other people in (however this looks for local city/county allow you to  get them out).

Finding deals (or networking with people who bring them to you)2.

I think people are blowing it out of proportion. 2, it will eliminate weak agents from markets (In my Opinion)

Because people fall in love with returns and do not ask how is that possible…Of course investigation is ongoing but this is all alleged.https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26076

No one really talks about this but they should because a lot of people get stuck buying a new fancy home and then in 12-24 months they are under water.Again not everywhere but in a lot of places where you see a small phase of builds go up and then it’s off to another city or county.The other thing that is not talked about much is home prices if the home price is under say $200K the builder loses interest.

I've found that successful flippers are people that are DO'ers. 

A hypothetical to see how people factor costs when rolling equity forward into additional purchases.For this example assume  you purchased property “A” for 100k, and put 25% down. 2 years later you sell it for 125k so you now have 50k (25k from your initial down payment + 25k in equity).