I have a strong tax / accounting background as well with an undergraduate degree in accounting and I handle tax law issues from time to time.

Probably a recipe for friction, conflict, delays and strong likihood of you never seeing a payday (and strained future relations, if any). 

Meanwhile, I was building credibility with them by showing a strong work ethic and that I grasped the concepts they were teaching me.

Only the most experienced investors with extremely deep pockets and a strong support team should venture out into what you are considering. 

You have to be strong and courageous and know that you can do anything you put your mind to.

It seems BCB has a strong presence in NJ do you know if they fund loans in NY?

I have listened to several of the books recommended on the pod casts - 10x, E-Myth, 4 Hour Work Week, Trump Style Negotiation, The One Thing.

Besides that I don't have a strong opinion one way or the other.

(sorry for the bad language, but I feel that strongly about the area.) 

Just make your offer as strong as possible.Shorter inspection period, although he reccomends 0 since you have time between acceptance and signing and the banks may give you up to 17 days depending on bank addendums3% EMD (Copy of check)No weasel clauses, but use the inspection clauseTell them you will be living in it since they do prefer Owner occupiedIf you don't already have an agent go to their listing agent and let them know you'd like to use them on the front(when you buy) and back end(when you flip)Offer the selling agent 1 commission point moreAlso, deals of the year come by on a weekly basis.