Also, home warranties is a waste of money. 

We have only one that we use that finds deals and they sell quickly so if you are ready to move, find a solid wholesaler or two and get ready to lock up a pro[erty when presented.2) Join a local REIG and let members know what you are looking for - often they come across deals that are not in their wheelhouse but may be in yours.3) Contact investor friendly real estate agents and let them know you are looking - pocket listings come across their desks and it may fit your criteria - let them know what your parameters are so you are not wasting everyone's time.

You will want to make it as indestructible as possible, hard floorings, solid surface counters, no blinds, etc.

Doubtful you can buy a $20M deal right out of the gate so don’t waste time looking at stuff you can’t buy. 

If you don’t qualify as a real estate professional or your income is above $150K, you might not be able to use the losses anyway, which could make the study a wasted expense.

He does go through an elimination process with each person so he weeds out anyone who could potentially waste his time.   

That mindset alone already puts you ahead.Your long-term goals and structured approach are solid!

Often inexperienced loan officers and loan officers at banks and CU's simply do not see many deals that are not very straight forward so they just do not know, so they might inadvertently waste your time because the underwriter will know and deny the loan 3 weeks down the road.To complicate it a bit more occasionally lenders will have "overlays" which just means even if Fannie/Freddie allow a certain loan spec, that lender does not for whatever reason but that is typically credit score related.

Hey Daniel, welcome to BP and congrats on getting started—that’s a solid five-year plan and sounds like you’re headed in the right direction.

I have taken other spreadsheets added to mine and consistently developed mine into a solid functioning spreadsheet that I like.