Primary house looking to make a move....rent sell etc...

[Michael Lentsch]

Hello everyone, glad to be here learning. And thabk you for future input. So, i have a property here in las vegas bought about 11/2 years ago for exactly 270,000 (owe 242,000 on it now).The houses (including my own) now valued around 340-370 (mine on zillow says 355k) my home is a 4 bed 3 bath 2560 sqft 2 story build 2015 (has 10 yr builder warranty) corner house in gated community...My original plan was to live in it while we settled into vegas, then rent it out and go buy another house however not only is the market here in vegas at an unknown is it going to continue to go up or down etc. Im getting 50/50 on that question which drives me away from buying anything right now lol and now im understanding that SFR (single family rentals) owning and renting just one door is a bad idea for investing and also not as much cash flow etc. I am 27 and really dont want to make a mistake that will cost me years getting back to were i am now. So it begs the question what is the best most efficient way to use the equity money in bank i have etc. To springboard and start our family into real estate investing??.. I love real estate and want to jump in head first since this is the first time everything is paid off no debt except for this house cash on hand (50-60k to invest) .... A couple ideas are on my mind currently #1 take out a line of credit on the house i am in now, or use cash on hand, to go buy another sfh to live in and either rent this current houses and or air bnb it?? #2 sell the house i am currently in, take the profits go and buy another house to live in and use whatever money is left over to buy a duplex and or condo etc to rent our full time or air bnb it (i think condos would be easier to maintain than a sfh?...) My only concerns with #1 i have never taken a line of credit out on anything i have always used my own cash so what are the risks etc. Also i have little knowledge on renting to a tenat full time and even less on air bnbing the home...which is best and why? Air bnb looks very good for income. (However i am 35 min from strip. In nice part of alliente area) #2 I guess this goes for both 1 and 2 but i know that eventually real estate markets always rise howe er is it a smart idea to buy in market right now with everyone 50/50 prices on houses seemed to have either doubled in value and or upped 70-100k in value..is vegas in a bubble is it not should i wait or just buy for the long haul because itll bounce back if it pops. And also what is the best investment i can buy to again springboard me in the best way into investing? Duplex, condo, sfh etc?... Anyway i think this is good enough i hope i didnt go to long on this thank you everyone and anyone that takes the time to give me some direction and advise i do apreciate it.