Hello,I am in the process of closing on my first property, a triplex I plan on owner occupying for 1 year.

My original plan was to update and flip it , pay off the heloc and use the profits toward buying my first rental.

Which makes most financial sense?

Unless you also had plans for new builds in the near future, in my opinion, there's much better investment options available in the immediate area

My daughter is WAY up the ladder at Intel really enjoys her job and is financially set at early 40s..

Here are some steps you can take to get started:Establish Your Goals: Establish your financial and long-term goals while investing in real estate.

Here are three articles that made it into the papers:"Addiction treatment group buys building in Main South, fueling neighborhood angst""Spectrum Health Systems adds property in Worcester as it moves headquarters to Westborough""Main South neighborhood remains on edge about planned drug treatment facility"I find it ironic that no one asked me (the listing agent) how the owner of the property chose Spectrum Health as the buyer.

it is ok to buy a primary once a year if you plan to rent your current and buy a new one . many lenders will not like it being in the same area 

I would not plan on refinancing after a year... unless you are adding massive value during that time. 

Sellers who do not plan to purchase another home or do not need to assume a new mortgage to buy another home, such as investors, second-home owners, or those with enough equity, are in an even better place to capitalize on the growth seen over the past several years without regard to today’s higher financing costs stemming from higher interest rates.