First time home buyer

[Josh Berman]

Hello everyone! This is my first post on bigger pockets. I will make this simple as possible. My business partner and I, are sitting on $20,000 cash. We would like to purchase a small property with a separate unit used specifically for renting, Airbnb, or VRBO.

The plan is for me and my small family to live in one of the dwellings while the other is making us $.

I have never purchased a home so I am wondering what the best route to take would be?

Here is my short list of questions:

Which loan should I target?

Should I wait to purchase anticipating a market crash?

Is this a realistic option given the circumstances?

Please feel free to share any useful strategies or advice. All advice is much appreciated!