Hi BP Community,I’m looking to refine my real estate investment strategy and want to make sure I’m on the right track.Here are a few areas I’m focusing on:Property Selection: How do you choose the right type of property for your goals?

Its a popular product and can accomplish your goals.

You don't have to pay it all off right now and you also don't have to invest now because investing isn't the cure for your debt, it's a sidecar to your wealth generation.When someone says they want to invest using the BRRRR method, it usually means they have read that those returns are good, but you probably have zero experience renovating so your BRRRR will be crooked and uneven and out of balance with your goals.

To others, they would like to have more control.I think the goal of many is to build enough equity by being a GP to ultimately become an LP.Gino

The long term goal is to put less than $10,000 into fixing up the property and I eventually want to obtain a crash pad.

It will also depend on your goals and if you're looking for turnkey or a value add. 

However, it comes with higher risk and upfront costs.If you prefer diversification, using equity for a down payment on a new property spreads your risk and potentially opens up additional revenue streams through rental or appreciation.It comes down to your risk tolerance and long-term goals.

A 72-T exemption known as a Substantially Equal Periodic Payment (SEPP) is a pretty rigid agreement.I don't think you will be able to accomplish the rents-only goal.  

Hi Varika,Both options have merit, but it depends on your goals.

My plan is to start out by purchasing Single Family Homes (SFHs) in *C* class (and above) areas with a budget of $100K-$200K all in, with the goal of buying, rehabbing, renting, and repeating (BRRRR strategy) for long-term holds.