For example, if you must make repairs after a tenant moves out, you still depreciate the rental property during the time it isn’t available for rent.Vacant rental propertyIf you hold property for rental purposes, you may be able to deduct your ordinary and necessary expenses (including depreciation) for managing, conserving, or maintaining the property while the property is vacant.

If you are looking at Cash on Cash Return, real estate tends to be a slower growth model (unless you dip your toes into flips instead of buy and hold).

Is there a specific strategy that you'd recommend for someone young like me to get my feet wet or should I just go with what I'm most interested in and have the most knowledge in, which is buy and hold rentals?

This is because experienced investors recognize that initial cash flow is not the same thing as actual cash flow received over a long hold period.  

The likelihood of the bank calling the loan isn't super high, however that is completely dependent upon what bank holds the loan.

I am looking to start out with house hacking, and venture into fix and flips as well as buy and holds in the future.

Travel nurses hold a special place in my heart because my husband was hospitalized for a long time and we met so many special travel nurses and other medical professionals ; )  That said, the niche of medium term rentals is growing every day.

Investment Info:Single-family residence buy & hold investment.

Additionally, CA was on the cusp of launching CA community solar, whereby a developer could build solar projects and sell the power to the utility, however, it's on hold pending the final CPUC decision, and it doesn't look promising.

It fits within our buy right criteriaWe own 12 units right next door.Newer vintageThe three beds are in high demand, and we are blowing away the 1% ruleThere is very little cap exWe focus on PPU (profit per unit), and this is going to profit nicely and add to our scale in that part of the marketExit strategy is to refinance our capital out when rates drop, and to hold long term.You have to be willing to take what the defense gives you, and you have to understand all of the investing strategies and know when to use them2021 and 2022, we only did about 200 units, smaller deals, but very profitable and we’ve refinanced all of our capital.2023 was an excellent year. 128 units, 105 units, and 97 units.If you aren’t doing deals, you can always be improving operations, meeting more potential investors, and creating more relationships.Life is like real estate.