We did a living flip once, and I am sure I can do it again.

[Dale Holder]

Hello BP, I am trying to moving into a cheap home under $200,000. So I can flip or rent at some point. I live in Durham Region, Ontario Canada, and I am trying to keep my wife and kids happy by staying close to grandma and granddad.

I was told I should get into a lease home that I can after two years own; live-in-Flip, live-in-then-rent or a house hack. I need some sold advice but me and my wife are self-employed less than two years and just at two years on a fulltime basis. 

Or I will have to downsize in rental unit from a three bedroom to a two so we can save more. 

Any advice on this matter will be most appreciated.