Beginner looking for advice

[George Doran III]

I am looking to move into rental real estate income generation. I currently have a home that I bought 5 years ago with about 50-75k in equity.

I am working 2 hours away from my current home in a rental friendly area and would like to purchase a property there that I could live in and rent now (multi family) or later (single family). I want to leverage a sign on loan from this job into investment income.

I think if I chose to rent my current home I would probably not have significant cash flow after all costs are factored in. I may have a small amount of cash flow or break even if successful. I also could be wrong about this...

Just really looking to brainstorm here what my best options are.

Any relevant experience or tips?

Thanks in advanced. This is my first post 😅

If I haven't provided enough detail let me know..