Which would you do first?

[Account Closed]

Here is my scenario. I have reached the point where I can buy a house for myself or an investment property. My wife to be owns a condo. I figure we can 1. live in the condo and buy a house to rent/section 8. 2. rent the condo and buy a bank owned property, hold a year or two and resale for a profit. Please tell me what would you do and if there are any other options to look at here. Thanks in advance.