STR vs buying primary residence

[Joseph Hossenlopp]

So originally we were going to buy a lakefront property as a STR and get that cash flowing, then buy another for us as a primary residence and put up out current house as a Long term rental. Now I am considering buying a primary lake residence first (with only 5% down we could afford more house), live in it a year & do that again. It's a bit of a tough market because people are buying with cash, and over-paying for properties. Any feedback? Thanks for your input!

Joe