@Adam Ellis are you looking for cash flow or mainly appreciation?

I'm debating on whether to do one of the following options, 1) House hack: Potentially buy a 2-4 unit so I can live in one and rent out the other ones.2) House Flip: Find a fixer upper so I can restore and sell.3) Buy an invesment property out of stateMy short/long term goal is to be a real state investor/developer with various rental properties (Mainly for housing), therefore, I'm aware that the first deal must be chosen carefully.What does the BP community recommend? 

When I graduated college my father was into comm'l real estate and was a licensed broker and he taught me a little bit.The main thing to do is to educate yourself and once you decide what you want to do, focus on that style you pick out 1 or 2 areas and make sure you know them well. 

It asked, "Who are your main customers?".

I started reading Brandon Turner's book today "The Book on Rental Property Investing" and he starts off the book talking about how appreciation or the long-term vision of selling for a much higher profit should be seen as the icing on top, not as the main reason for investing in a rental property. $400 per month is a significant loss on a rental.

Mainly, I want to be able to provide a comfortable life for my family while still being able to spend quality time with them.I have decided to throw everything I have into the Real Estate industry.

I'm having a really tough decision on which option to go with with my main goal being to live for free and potentially produce some cashflow. 

Nice Main Street walk about, and commuter friendly town.

@Caleb Heimsothwe fixed through snaking with a plumber temporarily. its been two months and no backflow. but i will need to replace the pipe from house to main sewer. i have a tenant in cordova leave after one year and left the house dirty and cosmetic rehab needed the joys of being an OOS landlord lol.

Many of the places we saw were what we associated with typical student rentals - old houses in fair to poor condition, with students sandwiched into small rooms and ancient common areas in serious need of updates.After much searching, we came upon a nice 5 bedroom brick home about the same 10 minute walk from our daughter's main classroom building as her freshman dorm.