Regarding BRRRR, this is a tough strategy today due to interest rates, if you did a modified BRRRR and bought a property and renovated it and house hacked it that could do very well for you. 

I would be inclined to not hold on to a cash flow negative property, I see our costs only going up. 

I was feeling paralyzed making decisions about what to do, and no joke within 3 weeks of finishing this book I had decided on my next step and was under contract on my first flip property!

Are you licensed in Texas or are these off market properties ?

What education should i gain before purchasing my first rental property?

For new build to rent properties, expenses are generally lower than for older homes, but it's best to remain cautious.

Quote from @David O Smith: I have a property that is free and clear, with no liens.

Naturally, your relinquished property/properties must sell before you can take title to the new ones but at least it keeps distance between those time frames.

Purchase price: $50,000 Cash invested: $35,000 Sale price: $121,000 Contributors: Peter Vekselman Partner Driven and Kody Higginbotham purchased the W 10th St property in Crowley, LA, for $50,000 on 8/27/2024.

This allowed me to build a relationship with that seller who had the two adjoining properties.