There are definitely some solid strategies that work well here, depending on your goals.Are you leaning more toward a traditional STR, or are you open to rent-by-the-room or medium-term rental strategies?

Quote from @Benjamin Blunt: What are the best strategies or tools that you use to find Off-Market Properties?

After holding a property for more than 10 years, investors can sell the property without having to pay capital gains tax on the profits, making it a favorable environment for long-term investors.Investment Strategies for American Investors in Germany1.

I'm interested in knowing your opinions, experiences with this strategy and any advice.

If you think you can manage a mortgage, taxes, insurance and the upkeep of a home while paying your student loans then buying is not  bad idea but if you think you will overstretch yourself renting is nto bad either.

They cited insurance reasons, which could very well be true, but many residents felt it as a big "f you" Now folks from outside the community could argue this was an entitled stance from the residents, to feel they had access to this private land when they didn't, and that on the face is certainly true.

My payment with insurance & taxes is $1425 a month.

You have indicated a need for assistance with the Fix & Flip or BRRRR strategies.

On insurance side of things, there is a lot of variables.

Anything single family will require very creative strategies in order to generate cashflow.