If you plan on living there a while, an extra living space would be great, but if you plan on selling it soon, I don't think it's a great investment of your time and money. 

say you budget for a 3 month rehab and it takes 7 and you break even after you sell. 

After 1-2 years, I’ll then sell it or rent it out. 

I have a three-bedroom townhome and want to sell it to buy my first investment property.

If this makes any difference, there is a possibility that we will move to a bigger home, in which case, the in-laws will move along with us, and we will either rent the existing home or sell it.

Being that you have a track record of selling properties and may have an old lead-list, you can try creating a lookalike audience for facebook ads.Within the ad manager, you can add a csv file with names and contact information for past buyer leads.

It's been gutted to the studs inside, has a new roof, and has a pool (needs work plus a possible expansion), with room for new commercial buildings to replace the ones that were demolished or for an expansion of the motel with either more rooms or a few condos for short-term rental.I'm considering selling a single-family home that I own outright in another state (Lake Havasu City, AZ) to finance this deal. 

., but things like changing it to S corp to collect a salary etc. are the small things that need to be brought up.Now figuring out what aspect of real estate do you want to invest in, that depends on you, but also recognize starting in real estate right now is like trying to sell snow blowers in florida.

If a seller isnt offering a commission to BA, they will likely not be able to sell the property.

We essentially own the house but cannot sell or refinance because the bank has not released the satisfaction.