Guarantees are heavily marketed.  

While being light on cash and leveraging heavily you can get in sooner and maybe make things happen and grow faster but less able to take a loss.

Whether the 6/4 includes the 2/1 basement will factor heavily. 3) $700k for a full renovation is a pretty steep purchase price.

I think it depends heavily in how much flexibility you have in your profession.

"help me get rich" probably won't be heavily funded.    

I mean, I'm not panting and breathing heavily or breaking out in cold sweat or experiencing shortness of breath at all.

Find your niche on what you want to do. find out if you want to buy and flip, buy and hold, use BRRRR strategy etc. once you know what you want then start learning heavily on your niche.

However, I appreciate the question and will definitely research heavily before making a purchase. 

Before the government and the industry reigned in short-sale exploitation - what used to be called "A -> B-> C" transactions, this type of exploitation was rampant, and even was promoted heavily by "the gurus" as a way to get big paydays for relatively little effort.

@Ryan Turian, depending upon your market, your "house hacking" strategy can work to heavily subsidize your own cost of housing, and in an ideal case, you "live free"....allowing you to invest the rent/mortgage you would have been paying in other REI.