$120k cash borrowed, now what?

[Francesco Barbati]

I borrowed $120k from a family member to buy a primary residence for me and my family (I will pay him back $1k/m for the next 10 years, starting next month, or refinance if needed).

Last night I was talking to my wife, and we just realized that maybe we can come up with something better (even if she really want little place with a little yard for the kids).

Live in flip? Duplex? Turnkey out of state? Foreclosure? I really like the BRRR strategy but it's "impossible" to find sealant here.

I live in South Florida, everything I see expensive and market always hot, market uber competitive.

What would be the advice of an experienced investor to a newbie with a young family?