@Seth Rose I strongly recommend you find the best cash flowing property possible and buy it with financing out of the gates, rather than go the BRRR route. 1.

Is there strong demand for high-end rentals in your area?

Obviously the best thing is to come to a compromise civilly, assuming they’re strong tenants.

Specifically, I’m drawn to distressed properties, such as pre-foreclosures and foreclosures, because of their potential for strong returns and lower acquisition costs which I feel is a great combination for a new investor with my budget.That said, entering the U.S. market as a Canadian comes with its own set of challenges, and I want to make sure I’m approaching this the right way.

Stabilizing prices in cities like Austin may offer some opportunities, but competition for starter homes remains pretty strong. 

However, I have no idea how to choose from the remaining cities, it seems there are a lot of potential options:- Midwest - Michigan (ie: Grand Rapids) seems to have options, also seeing Columbus Ohio and Indianapolis coming up- Reno - I've seen mentioned several times on here- Pittsburgh / Philadelphia / Twin Cities - All mentioned as lower cost to get started, and seem to be experiencing growthI'd ideally like to find a place that has strong potential for future growth, a diversified economy, and I don't mind living in (being close to nature would be a plus). 

If your priority is building wealth sustainably and positioning yourself for long-term financial independence, I’d strongly recommend considering properties like duplexes, triplexes, or even quadplexes.

This is all very new to me, but I started listening to the BP podcast about a month ago and realized I have a strong interest in real estate investing.

I strongly believe that with 100% digital collections done via Baselane (including security deposit collection) and it's banking service is such a risky value proposition for investors like you and me, as at some point these type of situations will always happen ... and no one else is on the hook other that you as the owner / landlord.

Based in Miami, FL, they have a strong track record of successfully completing projects.