It's important to choose that one and commit to using it.

Not really...some people exclusively wholesale. 

You will nitpick all new tenants and never choose one.

The tenants may not like the timelines or outcomes of the repairs - part is on back order, they have to pay for the repair due to abuse, the owner chooses to repair instead of replacing.

Also, if you choose the rental portfolio route, be realistic.

Choose a market based on affordability, population growth, job opportunities, landlord-friendly states, and BRRRR potential.

You can revisit this every year if you so choose.

@Eddie MiretskyStarting a real estate investment involves choosing a market, deciding between home states or surrounding states, and choosing between single-family homes (SFH) and multi-unit properties.

However, this is a difficult qualification to meet, especially if you have a full-time job outside of real estate.Don’t worry if you aren’t able to qualify for REPS status, because there is another strategy that is referred to as a “loophole”, which is the STR strategy.Per Section 1.469-1T(e)(3)(ii)(A): there are six exceptions where your rental property income is not automatically considered to be “rental activity” and thus may unlock the door for being able to offset these losses against your active income.The average customer use is seven days or less.The average customer use is 30 days or less and significant personal services were provided (for example, daily housekeeping).Extraordinary personal services are provided, regardless of the duration of customer use.The rental is incidental to a non-rental activity.The property is available during defined business hours for non-exclusive use by various customers.The property is used in an activity conducted by an S Corporation, partnership or joint venture in which the taxpayer holds an interest.If your property qualifies by meeting one of the exceptions above, the next step is to demonstrate material participation in the rental activity.

You can always choose to develop the land later down the line when the economics are more ideal.