Personal Residence Advice

[David Gjeldum]

Hey everyone...

I've been reading all I can get my hands on REI since I was a teenager... Taken a state Real Estate Licensing course and a couple broker courses... but nothing has "fed my appetite" like BP!

I am looking at getting into the market soon. I have some money (low five-figure) to invest in a personal residence, and I also have a smaller amount to invest in whatever I choose.

The key here is that I have some money for a personal residence. I cannot do anything else with it (request from a family member). I am trying to make the best of it by buying a property that can generate cash flow down the line...

I'm wondering what to do here... buy a condo? A SFH? Maybe a duplex and rent out the other side? What is the best form of RE to rent out?

Thanks for any and all replies!