I have cash on hand but I'm not sure if its enough for a lender to feel comfortable. 

I pour over MLS listings in my spare time, running back-of-a-napkin analyses as I go in order to develop more comfort with the numbers, and I’ve started scouring tax lien auction listings in my county.

I don't want to do a long distance big renovation to start off with, but maybe down the line when I get more comfortable with the process I will.  

The deal I ended up getting is a better business move, but less comfortable home for me.

@Madison Holbrook it depends on if you're referring to single-family or multi-family properties, evaluating them can be slightly different and it also depends on the comfortable that are in the neighborhood and what needs to be done

Most folks feel comfortable with more than year. 

Regular maintenance can also help you prevent vacancies, as tenants are more likely to stay in properties that are well-maintained and comfortable.

The more comfortable you become analyzing potential deals, the easier it'll be to submit offers when the time comes.

Concerns about finding tenants comfortable renting rooms in same home as strangers?

In order to acquire a BRRRR deal here, you'll need to get comfortable with working directly with sellers.