That being said, if you're 23 and you don't own a home, I really do recommend starting with a house hack as you don't need the 25% down capital to get started and you kill 2 birds with one stone by getting a rental and having a roof over your head. 

Like Samuel says, Move into the fixer and start making money with the good unit, now.  

I started off with the standard turbo tax for 1099s and it felt limited.

Everyone's favorite answer in real estate---"it depends".That being said, you have to start somewhere to figure that out.

At least starting out.

Start by analyzing cash flow and market demand for each property to decide which one to rent out.

When you are creating notes from the start with the intent to sale, you can also consider a 1st/2nd structure that can help you achieve similar results as a partial but start getting cash flow sooner. 

The process from start to finish would take four months and cost ~200k to build, with comps in the area around 355k-lender man said, refinancing would take six months as most lenders wont refinance a property unless its been built for six months, affecting the strategy to get paid out from refinancing quicker and closing out on construction loan-The property would not appraise at comps value, but at the cost it took to build, affecting getting paid out from the refinance.

Hello everyoneI am new here and want to get started in real estate.

House hacking is a fantastic way to start, but preparation is key.