First property purchase. Rent out, or move in?

[Ben Jenkins]

Hello all,

I'm just getting into real estate, and I was hoping you well educated people could help me make up my mind about something. I'm currently paying rent ($700 monthly), and I'm looking to buy a house. The choice I have to make is should I: 1) stay in my apartment, buy a 1 bed house, renovate it, and rent it out, or 2) buy a 2 bedroom house, renovate, and move myself into it?