Make sure you assess your risk tolerance and safety chutes. 

Define your investment criteria based on financial goals and risk tolerance, considering factors like location, property type, and potential returns.2.

The decision to hold cash or invest depends on your risk tolerance, financial goals, and market conditions.

What is their risk tolerance?

But I plan on closing 1 property this year,  I want to start in my area because I know the different neighborhoods, but like I mentioned I just started learning a few weeks ago so I want to take a few months to learn and analyze deals, and figure out the strategy I'd like to pursue first and see how much money I can save for down payment, I know for sure I want multi family even if its not right away, about analysis paralysis I wont get that, I'm an entrepreneur to the core, and trigger happy, I've lost alot but learned even more, I have a high risk tolerance and I know for sure I'm closing at least 1 property this year, but I'm thinking more September-November so I have time to get a little more educated and better prepared financially plus I will be out of the country till mid August without income which is why I gave myself a reasonable timeline, 

We all have different financial situations, time lines and risk tolerances.

This tenant paid you late multiple times, discovered you do nothing, and then took it up to the next level.Through similar experiences I now have zero tolerance. 

Consider your risk tolerance, financial goals, and lifestyle preferences when making location decisions.

This can be seen as a plus or a minus depending on your risk tolerance but know that it likely won't be a simple BRRR. 

Your time horizon, age, goals, account type, and risk tolerance all determine your allocations.