I agree with with Jordan that long-term your time is probably better spent focusing on residential sales especially with your goal to own multiple rental properties one day.

My name is Al and I’m a newbie investor looking to learn as much as possible so that I can purchase my first rental.

Was able to BRRR with very little money left in the deal after refinance, Found renters and now have a cash flowing rental with a decent chunk of equity available.

I don’t have months and months of rental income but I’m now forecasted to make I believe part of the requirement for the loan was that you occupy the property for the first year.

Second home purchase may not also work since you can't use any rental income from the property to help offset the mortgage debt.

Here’s a 10-step process to get started with out-of-state real estate investing:Research and Select a Market:Identify markets with strong economic fundamentals, job growth, population growth, and potential for real estate appreciation.Consider factors like rental demand, vacancy rates, and local landlord-tenant laws.

Revisiting the subject of financing for vacation home/vacation rentals/STR's.  10% down is still an option without having to pay points.  

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $367,500

Sale price: $730,000

Started property management company after the sale of this home

The difference only comes into play with rentals or other holding investments. 2.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $117,000

Investment Property, Buy & Hold, Las Vegas