First time investor help!!

[Matthew Murray]

Hi. I’m close to buying my first property but I’m experience some fear about which path I should take in terms of how I generate income. To start I’m taking the house hacking approach where I will be living in the property. But I’m torn on if I should do airbnb or try and rent out long term by the room? Airbnb is appealing because it’s more lucrative but I’m curious how steady it is however I would need to buy a house which are few right now with my budget. A town home looks better in terms of affordability but I’m concerned I may not be able to find people to rent out by the room in a town home. If someone could provide some insight into if I should try airbnb in a house or renting by the room in a house or do I go with a townhome and just try renting by the room?

Thanks so much.