First Home Investment Advice

[Belinda Arredondo]

Hi, i'm looking to purchase my first home in the next 3 months. I'm looking for advice. I don't have experience with home repairs, but i'm open to learning how to replace floors, cabinets, cosmetics, etc. Which means the home I buy won't be a fixer upper or a BRRR investment necessarily. What is your advice on how I can make this home an investment home? I've considered Airbnb-ing a room, petsitting people's dogs, using it as a storage space for people. Whatever income I receive I can set it aside to save to purchase another home to set up as a rental or Airbnb property. However, that will take a long time for me to save up enough for a decent downpayment in the purchase of a second home for rental/Airbnb.

OR if I purchase a home that could use cosmetic work, should I sell it and get it appraised, purchase another home and repeat the process? Just trying to figure out how to dive into investing. I don't have tons of savings, I have excellent credit and can get a teacher loan for my first purchase.