First investment Property PA

[Kay Bush]

I'd like to ask you for some advice for first time investor. Quick run down. I'm looking in the Philadelphia area. I have about 10-15k cash to invest in my first property. I'd like to flip, but I would also like a rental property. Not sure which way I should go. I'm assuming I'd get a quicker return on a flip. Could I get a personal loan for about 20k to use to purchase my first property instead of using my money? I know another option would be to get an investment property by way of a mortgage which I know is 10-25% down. I'd like to get into real estate full time and generate enough income in the next year to live off of. Is this realistic? Any advice on my first property? Should I get a cheap one for 20k or take out a mortgage? I went to the last auction in Norristown and I had no clue what I was doing, but I left with a little more knowledge than I came with. I'd hate to make the wrong decision with my money. I apologize if I'm all over the place.

Best,
Kay