How would you ... 100k First Investment Property?

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We live in Northern NJ in a house we bought 4 years ago (30yr loan, this is our 3rd house after moving for jobs). We have 3 kids and don’t have plans to move out because of my husband’s job and kids’ schools but we’re open to out of state investing.

I have about 120k saved. The virus, however, has pretty much wiped out my income/business this year so my husband’s income would be the only income to be considered for a mortgage or loan I believe.

We're open to do a flip or buy an older property, rehab and rent (either LTR or STR). We were originally leaning towards airbnb/STR in places in Florida where wouldn't mind going on vacation but open to suggestions. I'd like to have a property manager to handle the rest.

Long term goal is to build a portfolio and eventually grow into full-time real estate investing.

How would you invest the money as your first REI?

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@Andrew Hogan I'm leaning towards starting out with a flip and sell to build up more capital, then move on to rentals for cashflow, but finding an all-cash buy to flip near me is impossible under 120k.

Long term would be to own multiple LTR for consistent cashflow and a STR or two that I could use as a vacation home from time to time.

I will look into syndications, thank you!