I'm looking to purchase my first property with my fiancé (both 25) with the goal being to establish our primary residence together, as well as giving me the opportunity to add equity/value via rehab before moving on and converting the property into a rental within a year or so to kickstart an investment portfolio.An interesting lead that recently came up is my parent's neighbor's house.

I’m Tieirra , a passionate real estate investor focused on fixing and flipping homes to unlock their full potential and building long-term wealth through buy-and-hold rental properties.

The key now is to take action—set a clear goal, choose a strategy (house hacking, rentals, flips, etc.), and start analyzing deals.

Quote from @Sara Valentine: I have rented my personal home as a fully furnished/lots of amenities 3 month rental jan, feb, and march the past 3 years.

I am not sure what the outcome will be but I have STOPPED investing into syndications and focusing on my own rentals that I can control and manage.

I'll be 45 next month.option A) Kiyosaki Model: Don't sell and run either long term or short term rentals through it for a year to show income on the property than pull a $300k mortgage on it to build another house in the same neighborhood... repeatoption B)  Ramsey Model, Sell it for $600k.

@Ashish Gambhir like most have said it will take some creativity or a lot of work to get a cashflow rental in the Triangle. 

It gives you access to funds at a relatively low interest rate, and you can repay it as the rental generates income.

However, your mother-in-law is a related party to your wife.Given this, it's important to understand how the title is held on your rental condo?

In other areas a home buyer house might be 250,000 and a buy and hold investor rental could be 200,000.