You should target states that have more common sense and people oriented government and regulations (hint-hint: stay AWAY from Dem controlled jurisdictions.

Out of college I primarily had student debt of around $22k at 4% interest(all the government loans).

Research neighborhoods near colleges, government offices, and hospitals, explore FHA loans, conventional loans, house hacking strategies, and connect with local investors.Good luck!

One other market-wide factor I’d throw in is local government policies.

However, prop 13 is a gift to long holds, my interest rates are high 2s or in the 3s, and everything was financed (cashed out) between Dec 2020 and Dec 2021 (when the government tells you they are going to raise interest rates, it is generally a good idea to believe them).

Ask yourself, why would the federal government pay MORE than market rent and waste our tax dollars?

Another question that I haven't yet heard the answer to: Do local governments ever run out of HCV funds? 

Some condos are non-warrantable meaning you have to use non-government backed loans.

Something to watch if you are mindful of the government being over-involved in nearly every single LLC registration.

Quote from @Jay Hurst: Quote from @Jay Hurst: Quote from @Randall Alan: @Gregory SchwartzThen there is this on privatizing Fannie & Freddie:"Trump may renew a housing fight that could rattle mortgage rates":https://www.cnn.com/2024/12/02/economy/fannie-mae-freddie-ma...The gist of the article is that without the government backstopping mortgages, rates could realistically go up!