You can do both.What is your risk/reward level?

With flipping, its a high risk /high reward thing... and the downside as well..That's fine if you don't want to be a landlord (other than str). 

I'm wrapping up my first duplex house hack in DFW (selling off-market now) and it's been by far the most rewarding experience, so much so I'm transitioning careers to get more involved in RE! 

I think you may have very well narrowed down my strategy choices down to one of three; the BRRRR method (although this might be too much to start with for a newbie), the live-in flip that you mentioned (probably the most practical as I've been part of many different projects in the construction industry), and a combination of house-hacking/live-in flip (probably the most rewarding with a potential to swap between units as I finish one in order to bring better rental income).

@John Morgan I had a really bad rehab that had the same issue and just rolled the dice and had the hardwood sanded/refinished and it worked like a charm.

(Risk- incentive- reward...)

More risk = more reward

Hey everyone,Hoping to get some advice on a risk/reward scenario in BC Canada.I have a property just outside of Vancouver and Victoria BC Canada.

Deposit insurance, credit building and on time rent payment rewards (Through Second Nature)What customer service programs do you have in place?

Consider your personal goals, risk tolerance, and time commitment when choosing a passive income stream, and remember to educate yourself, diversify your portfolio, build a strong team, and be patient.As I experienced, and while risky, building up passive income streams can be exceptionally rewarding in the long run allowing you to enhance your lifestyle and provide you with financial freedom and flexibility.