I am a long time listener and advocate of the BPP.

The cost is the interest, and they get paid over time. 

Oh to be 21 again ... only this time smart and buying a property in Denver to house hack. 

Purchase price: $285,000 Cash invested: $40,000 purchase Price $285kRenovation Cost $40k (on budget)Renovation Time: 41 daysARV: $425kIf you are looking for a long term or short term rental in old town alexandria or just a small / tiny home primary residece with NO HOA right on King Street, this is your home.Contact with questions, interest, referrals of anyone you think might love it. more photos will be uploaded soon.

You will certainly run into challenges that you did not anticipate and it is great to have a responsive and helpful lender partner.Naturally you will want to find a product with competitive pricing and leverage, though keep in mind first time investors do not always qualify for the lowest pricing.

My advice is to take your time learning the ropes and understanding the market.

i have some trades i've worked with a few times and if i ask them for a rough estimate they'll provide it. 

His primary mortgage was sold to a private lender in the early 2000s and he claims he had to give an explanation each time as to why he financed with a private lender with such poor reputation every time his credit was pulled.

It helps handle all the "back of the envelope" calculations a head of time for all listings within 50 miles of your city.

I would spend time looking at comps on Furnished Finder and Airbnb, see which properties are current vacant vs properties that have availability in the future.