The BiggerPockets community is here to support you, and many of us have been in your shoes.Finding a Mentor:Finding a mentor can be incredibly beneficial, especially as you navigate these early stages.

What should first-time investors be aware of when considering these types of loans, and what tips would you share for navigating the process successfully?"

The system is very clear cut, making it simple to navigate.

Many of them may be doofuses, but many of them may be sharks and you'll have no idea.

Also, you don’t need  $360k if the loan gets called; with a principal loan balance of $240k it would be more like $250k.Whether you do a wrap, sub to, or lease option when dealing with a owner occupant / consumer there are many legal “traps” to navigate because of consumer protection laws at a state level, and CFPB and Dodd Frank at the Federal level.  

I’m seeking to add a local team member who is knowledgeable about the local market and can help navigate the opportunities here.

Would really love some help understanding the spreadsheet I've recieved and how to navigate it (What columns I should be looking at, what qualifies one of these address' as a viable prospect, how to practically condense list, etc.).

We’ve been navigating the funding landscape ourselves and have come across some interesting trends across various states.

This guidance can be invaluable as you navigate your first flip.

They can help you navigate closings and ensure a smooth transaction.3.