At BP, not only can you network with other real estate investors, you can also listen to BP's podcast in itunes and watch and learn videos and courses on BP for free.

Is it harder to invest OOS, of course it is but it is 100% doable.

They will have a mentor that will work with them and connect them to resources (credit repair/employment/childcare/education/etc) so that by the time the balloon is due, the tenant will be able to qualify for a mortgage. 

Of course you have to have a team built out but if you have a reliable contact that has experience then they'll have renovation crews as well as property management. 

Of course! 

Credit score is about 740. - I’d like to start off with a brr and get some experience with contractors before going into flipping.

Unfortunately, even though my DTI and credit score was good, the underwriting was not so good because I had gone through a debt consolidation program not too long ago which, as some may know, requires you to stop payment on debt for a period of time.

Of course! 

There are lots of people who do arbitrage and also promote courses on "getting started with $0". 

Along with that, make sure the seller is either crediting you or giving the renters' deposits to you or back to tenants, depending on how you set it up.