House hacking can be an excellent strategy to start building wealth through real estate, especially with options like FHA and USDA loans available to help with financing.

While forced appreciation—that is, renovating buildings to raise their value—is the main method of extracting wealth in the BRRRR approach, long-term property appreciation can also boost total returns on investment.Financing Options: To finance the purchase and renovation of properties, investigate the availability of financing options such as hard money loans, private lenders, and traditional mortgages.

Just reviewing all options....

Transitioning into real estate investing can be a lucrative venture, but it's essential to weigh your options and consider your financial goals and risk tolerance carefully.

There might be cheaper options, but it's important to remember that you often get what you pay for. 

Does anyone know if buying a lot is a good investment option?  

Many options.

Have a lease in place that gives you some options if tenants aren’t paying on time.

One option with your real estate license - if you don't feel confident in finding the property yourself, you can use it to refer yourself to a more seasoned investor agent and get some of the commission. 

Hey @Raza Rizvi - you'll have a plethora of options to choose from.