Fix and Flip or Buy and Hold to Start?

[Evan Eldridge]

I am new to real estate investing, but have been researching nonstop for over a year now and am stuck in analysis paralysis due to inexperience and fear. I am looking to get my first deal under my belt, but am torn between starting out with a fix & flip, or renting out a property. I have $10k set aside for a down payment whatever I choose to do, which I know is not very much for a down payment, but I plan on purchasing a discounted / distressed property and possibly getting a renovation loan if I go with a fix & flip. I just don't know which strategy / structure I should go with for my very first deal. I understand the pros & cons to each option. Any words of wisdom from an experienced investor would be much appreciated.