There is also the thing of a physician loan where I wouldn't have to put a down payment on the house and secure a loan although I would want to try to aim for a fixed rate (or maybe variable since interest rates are potentially going to be cut in the future?) 

Look forward to speaking and potentially partnering with you all soon! 

These typically don't appreciate as much as other locations, but they have more potential for cash flow and can be a great way to get started. 

And I could have 2 rentals with in 6 months The second option could potentially get me 2 rentals within 1 yr with better cash flow but now I don’t have any assets(my condo) to start. 

That alone stops most potential investors.

Hi Erik, To kick off analyzing the potential of this deal, and whether or not it's worth investing in, I would ask you what your end goal is.

To earn passive income through flipping houses, investors should aim to purchase properties with high potential resale value and minimize their time spent on the renovation and sale process.7.Commercial Real EstateCommercial real estate investments can provide passive income through leasing the property to tenants.

I think you may have very well narrowed down my strategy choices down to one of three; the BRRRR method (although this might be too much to start with for a newbie), the live-in flip that you mentioned (probably the most practical as I've been part of many different projects in the construction industry), and a combination of house-hacking/live-in flip (probably the most rewarding with a potential to swap between units as I finish one in order to bring better rental income).

SMF you could start in the low 200's that are in a better area with cash flow potential.

We're interested in small B/C class multifamily properties (2-4 units) in the $200-$325k price range that has potential to reach 10% COC, with special interest in exploring hidden value opportunities via renovations/upgrades.