The other option I potentially see is to partner with someone that has cash and/or better debt/income ratios and partner on the next purchase.

Secondary markets like Temple, Belton, Killeen, and College Station offer better options for cash flow currently.

Another option you will see online are companies selling shares to sections or lots of trees via a tree plantation management company.  

I'm saying that if you had the option of paying taxes on $50K or $21K, legally, all things being equal, which one would you pick? 

The current option that we are looking at is buy, live in 1-2 months of the year, convert to MTR or STR for the other months (especially since we are flexible on our end). 

In addition, i would like to discuss other opportunities and options. 

@John Hanewich building new is always a good option especially if you have the necessary licenses and can do some of the work keeping costs down.

Hi Denise, Starting your real estate journey in an out-of-state market can definitely be a great way to find more affordable options and avoid some of California's challenges.

@Brock Bernall As a rookie House hacking is the best for getting started has the lowest risk and best profit for a low down payment option.

Deposits from the tenant.Security deposits from the tenant in residential dwelling units shall be deposited in a trust account with a licensed and federally insured depository institution lawfully doing business in this State or the landlord may, at his option, furnish a bond from an insurance company licensed to do business in North Carolina.