Furnace's and A/c units were old, had a discussion to lower offer due to this but eventual relented, only the future will tell if this will cost me a bunch.

For now would be residential, however in the future may be open to commercial opportunities.  

Fixer upper with future equity potential, potential for a big upward market swing, and strong rental rate. 

@Miguel RojasWelcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.

After a lot of thinking last night, we're now looking to rent out our current primary home and move into this future home. 

You need to set aside an amount to cover future major repair/replacement.  

I decided that my future is in real estate.

In the future, I would try to schedule the inspection so that you can participate via facebook live, skype, facetime, or some other app or train your friend to do the inspection and document it properly.

So my real estate journey began with an older coworker asked me if I had any plans for the future or what kind of investments I was involved in.

So my suggestion to you is find an area that you are interested in then dive in and do your home work, see what the community is like what future employment and current employment rate is, find out who is providing jobs and potential suppliers of jobs, research the RE market and neighborhoods, what is the inventory to DOM ratio, there is an # of market etc etc...