Quote from @Jordan Ornelas: My name is Jordan and I live in Lynn Haven, FL (Panama City).

.- I go to military training on the 7th.I have a good lock on my interest rate and afraid of doing the mortgage application over again due to a slight decrease in my current job pay but will be going up again in a few months and I'll also be house hacking once I own and solely live in the house.

I have around 70k to get started with and a government pension to live off. 

My wife's grandfather owned many buildings in NJ and I have seen that 2 generations have lived off of what he did in one way or another. 

Are you planning on renting out all four units or living in one?  

It means you buy a place with more than one unit, live in one, and rent out the rest.

I have always been passionate about creating quality homes that enhance communities and provide families with exceptional living spaces.

I live in Southern California and want to purchase my first property out of state since the market here is so high (over my budget).

In the end, I prefer the long-term rental route with a good tenant though and over time when I start traveling for extended periods again, I will likely shift them back to long-term.I personally, would not purchase a property for the sole purpose of being a vacation rental - it's just not part of my investment strategy though, I have met people who do quite well with that model. 

The neighbor behind my rental is owned by a woman whose daughter and her partner are living in it.