Flip, Rent, Partner up, ALL the above? What is the best way???

[Jamie Wooley]

Hello All,

I am new to REI (first year) and I have been working very hard to learn as much as I can each and every day. I have learned through many different facets and getting my feet wet flipping a few properties. I do however need a little help moving forward.

I have a private lender at 8% who also happens to be my father. He is very successful and travels for leisure 6 months out of the year. He would like to acquire 4-6 rental properties SFR for himself, for tax purposes and extra cash flow. I was very interested in flipping to begin with and buy and hold for my future acquiring 1 property a year or so. But the more I read and listen to successful investors the more I wonder is my approach the best with my situation. So my question is....if you were me what would you do.

I am a RE agent only for the purpose of investing.  I have private money at 8%, it is not endless but plenty.  I need to have $50,000 a year to live comfortably while building my business.  I would like to acquire buy and hold for my retirement and cash flow.   With these things in mind, what is the best strategy?  

I really appreciate any feedback!