They should position you with the necessary knowledge to jump-in. 

Relying on other people's model might be good in the short-term but you will suffer as your underwriting knowledge will never fully develop. 

Many people in here love sharing their knowledge.

You could invest it with another hard money lender (not a solicitation, I don't take investors) Or you could lend it to one rehabber for downpayment and working capital on a partnership basis.Becoming a hard money lender requires knowledge of real estate investing, knowledge of lending laws and regulations, and much more capital than that. 

Things progress from there to scaling with larger multi-family properties, commercial real estate, and so on.I'm wondering what experienced investors would do with the knowledge they've gained if they were starting from scratch and had $500k-$1m starting capital.

Anybody from Buffalo/New York and surrounding areas know any investor friendly banks who are knowledgeable and experienced in 203k loans?

I am not an expert so do not take my advice as legal but from my knowledge this is what I know. 

:)I am from scorching AZ and thought I would introduce myself.Below is my profile "about me".In 2018, the light bulb went off for me.Many of you know this feeling.I have committed my life to personal development and attaining financial freedom, using real estate as that vehicle.Currently, I am a physical therapy student.I am working on the skills of attaining money, keeping money, and using money.My 5 year plan is to save what I can as a broke student, eventually completing my savings as a graduate and new physical therapist.Over my next 5 years of saving, my goal is to read over 150 books and learn everything I can about real estate and business topics.I believe this knowledge and quest to build relationships with local investors will allow me to hit the ground running once my savings and career goals catch up.I lover BiggerPockets, and I am excited to be active in the community.I am a newbie, but I will not be a newbie that posts one time and disappears forever.Say Hi!

Just wondering if anyone has gone through purchasing a property from overseas as a non-resident, or if anyone has knowledge of the subject and associated costs.Many thanks,

I do feel like I'm coming through this much stronger and more knowledgeable.