You could also consider a joint venture with someone who has the necessary experience, or see if the builder is willing to act as a guarantor.

It got me to the point where I could take risks in other people's start up ventures, think about a second home, dabble in outside of apartments and into strip malls, etc...

Doing a lot of DIY especially demo.

If you rent to someone relatively new in their first ownership venture, the most probable agreement is one calling for a monthly payment with a percentage of the revenue on top.  

Personally, I started in a market close to me as I wanted to do rentals so until I got my process down, I didn't want to venture too far from home.

Joint Venture (JV) or Partner with Established Professionals:Consider forming joint ventures or partnerships with experienced wholesalers or real estate investors.

My ultimate goal is utilize the BRRRR strategy in acquiring a property in Philly, this would be a out of state venture for me.

See if you can buy in a joint venture with an experienced investor

If you still think its overpriced do some more research, what can you do if you owned that home to be worth even more, especially if you’re a DIY person.

And I realize this is not a new topic... but sometimes hearing it a different way helps.My advise to those planning on having more than one business venture in real estate is to set up a separate LLC from everything else just for rentals.