But I love this as a career so it was a natural step. 

Out of states seems like a great alternative.

I’m hoping that the forced and natural appreciation will bring me up to/around 80% LTV, with no money out of pocket (I’m financing all renovations through the rental income).Best of luck!

There's a natural fear, "If I find a seller, but I can't find a buyer, what do I do?" 

If the electrical system is otherwise safe, I may look at cheaper alternatives like this.

Search Dodd Frank and there are 1000s of threads of everyone trying to find an alternative. 

Looking for suggestions and alternatives I've been studying for years but this would be my very first deal if I can get it to work.

Most people are :-Terrified of anything that is potentially risky with money - naturally cynical and negative toward new things - fearful of what they don’t understand Knowing this ..your best bet is to write your goals on a piece of paper and tell no one .

By nature a property in a BRRRR deal usually needs a good amount of work. 

So naturally I immediately went on Amazon and bought a bunch of books on real estate investing so I could win, too.