Because, house hacking is comparatively simple and beginner-friendly (and therefore has the highest likelihood of success), but strategies like BRRR'ing, flipping, wholesaling, out of state investing, etc. are far more complicated, and have a far higher chance of failure because they involve so many "moving pieces".I always use this analogy: would you tell a beginner skier who has zero experience to ski a double black diamond (the most advanced terrain) for their first run?

Those are the most important pieces to me when investing out of state.

@Dilini Sundaram, the answer would be no because each piece of income producing real estate you buy brings in MORE and MORE income.

#16My biggest struggle in learning how to underwrite was getting an idea of real-world benchmarks.Plugging in numbers into a spreadsheet is easy enough - there are plenty of video tutorials on Youtube to get you through the technical piece but…How do I estimate my budget for repairs and maintenance when I have no baseline?

For example, a large multifamily development is finishing phase 1, but will not be starting phase 2 until interest rates have stabilized.There are fewer lenders willing to lend on larger projects with rising interest rates.His number one piece of advice is to find off-market properties.Either purchase the property outright, or give the owner equity in the final project in exchange for contributing the land.You can get lending for up to 90% of costs, and then the land is your 10% down payment, which means you can start a project with almost zero out of pocket costs.Show the owner a rough pro forma with conservative numbers.

You worked in auto hauling for past two tax cycles but stopped that self employment eight months ago = you cannot get a conventional loan with that piece of income.How many years in the past do you show rental income on Schedule C and what is the bottom line net number?

Take a piece of the pie, learn and grow from there. 

I think there's some great pieces of advice from everyone who commented thus far.

You're going to have to piece a few different loans together unless you do a construction loan that wraps your first and a new second into one. 

A couple pieces of advice:-If you want to work with investors, put 100% of your energy in to ONLY that.