Not only is there nothing wrong with taking this approach, but I actually think this is the best way to start and the way that 99% of new investors should start their investing journey.

Others have little/no experience and will give you bad advice that takes you down the wrong path.I recommend you focus on educating yourself while saving more money. 

Not sure what I did wrong, but it appears I am not able to start a post for questions, but looks like I can answer post fine. 

EVEN THOUGH EVERYTHING WENT WRONG THIS YEAR IM STILL OPTIMISTIC MY CONFIDENCE ISNT WAVERED AND IM MORE DETERMINED TO REACH MY REAL ESTATE GOALS I SAY THIS TO SAY NEVER GIVE UP !!!

What precisely went wrong?

@MIchael McCUe Wrong ,.....

Faced with mounting expenses, extended timelines, and diminishing returns, we ultimately decided to sell the property instead of continuing with the BRRRR strategy.The Insurance Mistake:The biggest lesson I learned was that I had the wrong type of insurance.

Wrong!

This doesn't mean you should because out of state investing for a newbie is difficult and if you listen to the wrong people can really burn a whole in your pocket.That being said, if I were you, I would likely diversify my assets.

Dont get me wrong there are plenty of heavy hitters that just scan the site and dont really post.