I have also been selling all of the builders homes for the last 3 years, with prices ranging from 600k-1.45M

Here’s a detailed analysis to help guide your decision:Initial Costs:Purchase Price: $260,000Down Payment and Closing Costs: $60,000Monthly Cost: $400 for several yearsMarket Value:Current Value: $540,000 to $600,000Immediate Equity: $280,000 to $340,000 (based on the market value minus the purchase price)The substantial equity in the farm can be a powerful tool for your investment journey:Home Equity Line of Credit (HELOC): You could use a HELOC against the farm's equity to fund other investments.

Here are some key points to consider:Accessibility: Residential properties are often more accessible to individual investors, especially those starting out with smaller capital.Tenant Stability: While turnover can occur, residential leases tend to have shorter terms, offering more flexibility if you want to adjust rents or change tenants.Market Liquidity: Generally, residential properties are easier to buy and sell due to higher demand from individual homebuyers and investors alike.Emotional Appeal: Homes and apartments can have a strong emotional appeal to buyers and renters, which can influence demand and pricing stability.Purchasing: Residential real estate will require a down payment of at least 10% of the purchase price. 

Purchase price: $304,000 Cash invested: $40,000 Sale price: $455,000 Contributors: Peter Vekselman Partner Driven, in collaboration with MH Property Solutions, successfully completed a fix-and-flip on W 7th Ave, Trappe, PA 19426.

Purchase price: $32,000 Cash invested: $68,000 Sale price: $96,500 REO purchase, rehab and flip all cash. +$28k ROI What made you interested in investing in this type of deal?

If one side is 2000 sq st and one side is 1000 sq ft and the valuation/sales price is $300K then the larger side would be allocated $200K (2/3) of the value.  

Purchase price: $200,000 Cash invested: $30,000 Sale price: $333,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Tracy McQuire, successfully completed a fix-and-flip on Sandspring Dr, Atlanta, GA 30331.

There are many reasons not to pursue RE, but if you make that choice and are further priced out of the market, it is due to choices you have made.  

I have never purchased a home before but in the town I would potentially move to renting makes little sense do to the cost of housing prices.

Purchase price: $25,000 Cash invested: $20,000 Sale price: $82,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Mike & Laurie, successfully completed a fix-and-flip on Peter St, Duquesne, PA.