I currently pay a sizeable rent in FL and would like to get a new home to convert the rent expense into generating value in a new property that will appreciate.

Could you rent out part of your primary to generate extra income?

Like flipping cars, you can flip homes and make a quick profit (although, it takes time and work to generate a deal flow pipeline and feasible contractor connections).

@Orane JacobsHouse hacking is a strategy that can reduce living expenses and generate rental income, potentially enabling investment in more properties.

I wanted to know if anyone has some great strategies for using seller financing as a primary revenue-generating strategy or if there's any pit falls I should look out for.

The higher the delta between your cost to operate and your ability to generate income, the wealthier you will be.

See attached Excel summary sheet.Investment Highlight89% Physically OccupiedSupply Index in a 3-mile radius of 6.8 SF/Capita, 5-mile radius of 7.7 SF/Capita, and 10-mile radius of 8.3 SF/CapitaAdditional Income generated from 4 mobile home lots and 1 mobile home (Not Verified, as thus not included in underwriting assumptions)Key Underwriting AssumptionsDown Payment 25% of Purchase PriceEstimating a CAPEX/Repairs cost of $150,000Estimating Operating Reserves of $10000Stabilized Vacancy and Concessions/loss to lease at 10%Using a cap rate of 7.23%Key Demographic DataTotal Square Footage 21,130 Supply Index: 6.3Population 3,338 1 Yr.

Let me provide some context to help you understand my situation.My GoalMy ultimate goal has always been to generate passive income through rental properties. 

Quote from @Laura Au: Hello BP Community,I am first time flipper looking to identify an out of state market to do my first flip to generate cash for investment business rather than the buy n hold strategy.

We need to generate some more cash flow in our lives and we can go anywhere.