No problem with down payment but will need conventional load which is not a problem as I have been pre approved many times just did not find right property.

Of those two, I actually like the first one better because you have a competitive advantage to that market and the amenities you could provide.

@Sean DillonAt 18, you're in a prime position to start building wealth with low expenses and plenty of time to scale.

@Kevin ApolinarioCongratulations on taking the steps toward your first real estate investment!

And even then, the life cycle is generally pretty long from first contact to closing.  

What was your first goal?

I'd sell because you are reaching the time when you lose the cap gains exemption and that $24K would take over 2 years of renting to get back.I had a condo that I owned for a long time and I sold it despite it being paid off and having long term tenants. 

@Chris Babb,I have moved in to the Build to Rent field full time. 

In many cases bigger banks or lenders have specific programs that cater to first time home buyers and investors. 

Every time you lower your tax bracket you are lowering the value of the deductions.