WHICH STRATEGY? First Family Home, First Investment, or BOTH?

[Tomekia Lloyd]

Good Afternoon, Folks.

I have a question that is stumping me.  I have my resources lined up for an actual rehab project this year.  Two of my clients are a house flipping company (helping me with advice) and a remodeling company that I absolutely trust.

However, I cannot seem to figure out which is the best path to take for my young family:

Should we buy our first family home, then use other assets (hard money, equity, or cash) to invest in a different property in the future...  Or should I jump right in by making my first house purchase my first investment deal to be put on the market immediately after renovations.  If I did the latter, I would assume that we would have to make frequent moves for some time until our cash reserves have built up a bit.....or continue to pay rent elsewhere.

More Family info: Currently renting with husband and three children under 7 years old.  We currently own no property (except heir property).  Husband previously owned property before marriage and sold it.

I am curious to see what strategies some of you folks with young families took.  Want this to be the least taxing on my kids as possible, but we are definitely ready to make sacrifices for our future financial security.

Thank you in advance for your wisdom.