Help! First investment options/considerations

[Dillon Lopez]

He BP! So I’m in the starts of planning a investment. It’s not out of state, but out of town to a more affordable area ( I’m in the Bay Area, will look into Sacramento ). I’ve dialed in a few areas to hopefully gear to college renters. Or upcoming family area. Where as I do not know if I’ll flip or hold. It will depend on the purchase price/area/rental market.

Are there any basics, or things to look for when deciding if it should be a rental or if I should go for a flip - make some money and go for a bigger project.

Any insight is appreciated. Thanks