Any insight anyone has into which one of these strategies would be better than the other as well as other pros and cons would be very helpful!

I've found too many CRE owners overpay in a hot sellers market (much of the U.S. ) with a 1031 exchange + take on too much debt, since this is what they are used to and maybe the only strategy they know.

My strategy is to hold it long-term, leveraging the steady rental income while benefiting from potential appreciation.

There are several hurdles during the process:Find the deal - Unless you are marketing or plugged into a community where there are opportunities, it isn't always easy to find the right dealsEvaluate the deal - Without professional guidance and research tools, it is difficult for a newbie investor to evaluate and ARV/FMV or create an adequate rehab budgetSecondary exit strategies - If things don't go as planned are their other opportunities to exit profitably.

Now, it's time to explore your investment strategy. 

Whether you're interested in residential properties, commercial spaces, or real estate investment trusts (REITs), there are various strategies and approaches to consider.Real estate investing also involves understanding market trends, economic indicators, and demographic shifts.

I learned this strategy from one of my clients.

You may save a few thousand dollars going this route, but may lose a few hundred thousand dollars if you are not dialing in on your strategy and numbers. 

Your understanding of NOI, deal negotiation, and long-term strategy are assets that make you stand out. 

Wholesaling isn't my specialty, but for those wholesalers I've worked with generally aren't looking to give you personal tips or strategies to be more consistent, they're generally just say, "get a list, call all of them, and then follow up in a week" or something similar.