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?

Lower appreciation.

(Michigan)Would appreciate any advice!

Sure there’s the hope of appreciation, but that’s not guaranteed and I like to know that my mortgage balance is shrinking even if it’s very slow.

The IRR also includes depreciation write off, amortization of the loan, and appreciation of the assset while the DST holds it. 

I appreciate you reaching out!

With the higher price points, you get higher dollar appreciation, bigger loan buy down, and higher dollar cash flow when raising rents.

I have a background in Urban Planning and Civil Engineering which gives a big leg up when it comes to this strategy.Much appreciated, Thank you!

Re Invest in Arizona is expected but high appreciation. 

This combination of affordability, economic stability, and location makes Parma compelling in my research.Taking a deeper dive into the rental market here, I thought this could be a unique investment opportunity because despite a seemingly low occupancy rate of 23.90%, the rising rental rates highlight a robust demand for single-family homes (SFH), presenting a lucrative avenue for investors like us.