I'm getting started in the real estate investing world and am almost ready to buy my first rental.I’m debating between two different investment strategies and would love to hear advice from experienced investors here.Would you a) buy a two unit and house hack with 5% down (all cash in around 40k) in an appreciating area with a little bit of cash flow every month or b) start BRRRR strategy right away out-of-state in a C neighborhood.And a third option, if you have the ability to do both concurrently, which one would you start with first?

Concurrently, I intend to construct our dream home on an adjacent 20-acre parcel that I already own outright.I've double-checked the property taxes, and they're not just accurate but slightly on the higher side.

I left this part out of my original post, but I actually ended up forming 3 new LLCs because my wife and I are also starting up a RE brokerage concurrent with the property management company.  

I understand that I must get a confirmation (or concurrence) from lender that I'll be transferring my personally owned property to an LLC so that it won't trigger a due-on-sale clause when the transferability happen.

Concurrently, I'm contemplating purchasing a more expensive property similar to my current residence, which I would then inhabit for around two years.

Along with negotiating the feasibility period and due diligence periods I'd concurrently do 2 things based on your plan:1. talk to the solar companies in the area and understand their site selection process, how they structure their deals, how they operate, etc. 2. talk to the power company and see if they need more renewable energy and if building another solar project in that area makes sense. 

Can be concurrent with identifying civil engineer to design access and utilities and architect.

Is it better to dive right in and start meeting with brokers, or perhaps work for a commercial real estate firm and invest concurrently while having employment around the industry?

Currently have 3 flips going on concurrently and it is very hard to track money and tie it to expenses in a central location. 

I'm getting my Angel Fire spot and working Hawaii concurrently, and the latter is proving to be hard.