I told them that it was a better idea that, instead of buying a home first, we can buy an investment property and keep renting after we build some equity, sell it and put the down payment for 2 houses or a duplex and live in one and rent the other one (for me, i could keep renting until we buy a lot of investment properties and then move to one of them), but my family wants to buy a home firts and then the investment property.Can someone give me a light of what is better or the pros and cons.Thank you so much.

I live in NC, I'm 41, my wife is a high W2 earner, and we don't plan on touching this money for 12-15 years. 

My first 2 years with them I lived in Seattle while they managed the properties here in Orlando.

Maybe I got over excited, since this was my first owner finance deal, but I was really taken by them- I wanted them to live and buy our home.

Most of us that lived in NYC invest out of state because the price points are significantly different elsewhere.  

People live there because they have no other options.

My husband and I own a profitable condo we rent out short to mid-term, while living in a single-family home we plan to convert to a long-term rental.

wouldn't be able to get this mortgage unless they lived in SoCal and worked remote.

Then of course depends on your lifestyle and where you actually live some places are much more expensive to live than others..

Currently we live in the apartment and we are renting out whole house.