Just starting out, crazy rates low inventory

[Brandon Morgan]

I am just now starting out as a real estate investor. I am looking to buy my first property. I am a Physician Assistant and make decent money (over 100k yearly) but in my area everything is still super expensive, very unlikely to find anything under 300k. 

I was originally planning on finding a multi family and renting it out. my goal for my first property to eventually pay for itself and maybe even have a slight positive monthly net income, but even then Multi families get bought out rapidly. 

the real estate agent Ive been working with recommended using a 203k to fix up a property and suggested doing a house flip with a single family. flipping wasn't my original plan but it seems possible, but I get worried about the monthly payments for the whole first year before I can sell it and my abliltiy to sell it with the market being unstable and possible crash coming. I am not sure what I should go for. 

any advise on what to do? also renting and keeping vs flipping given my situation? open to any advice for first time investor. 

[Devin James]

Hey Brandon Morgan,

I suggest finding a small multifamily and house hacking. This is how many investors get started (Including myself) and its probably one of the safest ways you can get in the game. If you can find a duplex/triplex, you can live in one unit and rent the other units. You will only need to put down 3.5% and you will learn how to be a landlord while significantly decreasing your living expenses. Bonus points if you can find a property that needs a little bit of cosmetic work done for a value add opportunity.