You are required to have landlord seasoning usually at least 12 month some lenders require 2-3 years.

I know some investors are fine with losing some money each month, but I prefer to have some cashflow.  

Depending on the job some permits take months . 

Hi, I bought my primary home a few months ago with only 5% down with a great interest rate.

If you don't have enough to invest locally can you increase your income and savings to be able to invest in 6 months or a year? 

I’ll pay a monthly agreed upon amount to seller and have one year to pay off the full amount/find a loan.

I lucked out and found a great cash flowing 4plex, but it was an off market buy and required months of negotiations.  

Those long deals (6 months or more) usually have some big issue with the property or business that can’t be resolved quickly and since you’re dealing with SBA you have only one choice—wait until the issue is resolved.

And it's usually bleak prospects like "my landlord is an a$$', "if someone would just give me a break", or "I can afford $350/month", which doesn't even cover the sewer bill in Seattle. 

I have a network set up in the best BRRRR market in America right now where we closed on 30 deals last 6 months.