I'm looking to get started in both areas , purchasing multi family properties.

The reason I don't purchase new construction is that there is no room for value add, and from a pure cashflow perspective, it's harder to make the numbers work.That's why I started looking more towards multifamily.

The phase-out starts when your AGI hits $100k and completely disappears at $150k.

I’ve been focusing on new build duplexes in the Indianapolis market, where we’re seeing strong rental returns and growth potential.If you’re ever curious about expanding into other markets or want to discuss strategies to grow your portfolio, I’d love to connect and share insights.

Ive started buying my rentals in other markets primarily.

Also, keep in mind once the rates start falling this fall, in my opinion there is going to be a short lived surge in purchases from pent up demand that people were waiting for.Hope this helps.Also, if you are looking to keep more of your RE Commission DM me, I'm a Licensed Broker in Texas as well.

That is a good start.

First off, it's awesome that you're in a position to get started in real estate at 22.

Without knowing too much about the specific market (although it does appear Monterey and Santa Cruz are holding pretty strong) it may be worthwhile to consider selling if values are holding. 

A couple years ago, on a cost per ft basis, existing home sales started exceeding the cost to build new so that drives things.