I have been listening to The Real Estate Rookie and other BP shows for about a year.

I’d also prioritize getting pre-approved, securing financing, and starting small to build experience and momentum.Good luck!

I would advertise and re-rent the unit and retain that part of the security deposit not used to offset the lost rent.

obviously that can get pricey and is why joining a team or established brokerage can be so helpful.I was lucky enough to have a family connection that is an established boutique commercial broker, and he was in his own words "drowning" and needed help. 

You can BRRRR the deals that make sense and sell the rest.

Shares of single-family landlords Invitation Homes INVH -1.26%decrease; red down pointing triangle and American Homes 4 Rent AMH -1.65% decrease; are trading at 35% and 20% discounts to their net asset values, respectively, according to real-estate analytics firm Green Street. 

Higher rates and tremendous demand for inventory by both owner occupants and investors have resulted in an inventory shortage all over the US - in Oregon and in Ohio.Hope this gives you some things to think about. 

They can also be fairly remote and off the main "retail corridor" not always but its common. 

So I am new and looking for my first deal, so I'm not too confident yet.

To answer your questions:-We’ve seen success with a wide variety of strategies; we have clients with buy-and-holds, house hacks, BRRRRs, and flips.