Pick a strategy or method and jump in. 

Thanks, What is the nature of your loan scenario?

Not as reliable or accurate as the above method. 

I am trying to continue acquiring properties using this method and also learning about other methods as well, but I wanted to come in here to seek some advice from professionals that I'm willing to learn from as I am barely starting my real estate journey.

Here’s what you should know on Schedule E:Depreciation (Line 18) – can be added BACKCasualty Loss/Amortization/One-Time Expenses/HOA Dues (line 19) – can be added BACKInsurance (line 9) – Added BackMortgage Interest (Line 12) – Added BackTaxes (Line 16) – Added BackAnd this is why owning property is such a great method of building wealth.

Quote from @AJ Cerbo: Accepting any amount of money implies you are willing to accept payments.Shut down any method of electronic payment.

You should always maintain a reserve to cover repairs, vacancies, natural disasters, etc.

A condo can be better with white, depending on the natural light, and small houses can take to colors well.

I do not have much of my own capital to use to purchase a property and was recently given the advice to either utilize private money to purchase a property or do a few home flips to build my own capital.Does anybody have any advice and/or experience starting out with either of these two methods?

That being said, if you bought 2021 and earlier, and are using the right methods to rent your property - I have seen great return.