Many of the properties I purchased are due to the large network.

This should eliminate the homeowner (1) selling a property while remaining liable for the note (subject to), (2) tying  up his property with a “buyer” who has no intent to close unless he finds someone to pay a higher price (wholesaler), (3) paying above market rental for an option to buy that can never be exercised (4) purchasing a property from a fix n flipper who did shoddy rehab, (5) purchasing a property with nebulous legal title, (6) contracting for home improvement with a fly by night contractor who then puts a mechanics lien on the property and (7) “listing” with a wholesaler disguised as a Realtor who doesn’t put the home on MLS. 

A lot of investors prefer to use OPM (Other Peoples Money) even if they have the capital to purchase it all cash.

Hello, My parents have a primary residence purchased for $45k.

Networking: Join local real estate investment groups or online communities (like BiggerPockets) to connect with other investors and learn from their experiences.

Managing 150+ units for a few years has given me the reps needed to feel confident purchasing large assets. 

Next, $100k might fund a second position rehab loan to a local flipper but it won’t go very far toward a first position purchase money loan.

1.Subscribe to the BiggerPockets Money and Rookie Podcasts2.Attend the FREE WEBINARS3.Attend a Meetup in Your Area / virtual meet ups4.Purchase the Beginner Books: How to Invest in Real Estate, Set for Life, The House Hacking Strategy5.Peruse the forums!

Find a good number of General contractors, you can get references from other real estate owners of your asset class, online, your architect, wherever. 

And I am not sure if that's because luxury property rentals just don't have the same ADR here in comparison to other markets - in a lot of other markets even as far as West Virginia in harpers ferry you can easily charge $800+ in those markets, whereas inWe haven't purchased the area in Airdna or Pricelabs as we are just looking at the data at a high level right now before we commit to that one area since we are looking at a couple of other properties too.