So I think I will also plan on the conservative side as well.I put our first rent check in the savings account after paying the mortgage. 

Are you planning to live in one of the units?

I would advise narrowing down and identify a specific area you want to be in.

Mortgage fraud laws are divided into two specific categories, which are:Fraud for housing, in which someone submits inaccurate information in order to be able to buy a home under more favorable termsFraud for profit, in which a real estate professional falsifies information so that they can get more money out of a transaction"most states also have their own laws in place.

DetailsPurchase price: 1.1MReturn (IRR):11.86% per yearCapitalization Rate:5.45%Total Profit when Sold: $1.16MHolding period: 20 years5% down (so that I can take maximum leverage)mortgage rate: 6.7% 30-year fixedVacancy: 5%Management Fee: 8% --> I used this only for calculation but as I will be staying there, I plan to self-manage it.Cash flow: negative $1500 --> My primary job pays decently and I can manage this and have 12 months of reserves.

What is your exit plan for this condo? 

You can use the VA loan for your primary but wouldn't be able to use it for an investment, unless it were a multi-unit you planned to house hack.

Rentals for 30 days or longer you don’t need a permit, ski leases are a great option if you don’t plan to use the place at all in the winter. 

Specifically, we are looking for tips on how to secure deals for fix-and-flip projects in such a competitive market.Thank you in advance for your help and guidance!

That’s very helpful, thank you, we are planning to use the VA loan, which is offered to us at 6.4%.