I am here to learn and work as hard as I can in order to reach my goal of generating wealth that can be passed down to my daughter.Thank you all for your time and I look forward to connecting with you.

I’m thinking of going forward with a single-family house buy & hold strategy and do trade-ups for multi-units property in the future.

Whether or not that relationship continues on future deals, you learn a lot on that 1st one. 

Good luck in all your future REI ventures.

Flipping houses and owning rentals are only similar in the sense that the underlying asset is property -- beyond that, they are completely different strategies that fulfill completely different investment needs.Every investment strategy requires you put in some combination of the following:- Time- Cash/Credit- ExpertiseAnd every investment strategy generates some combination of the following:- Profits- Cash Flow- Tax BenefitsWithout knowing what you have to put in and what you're looking to get out, there is no way anyone can recommend a particular path.

My other properties generate enough I don't need to worry about loss of income.   

We outsource tasks like Transaction Coordination, Lead Generation, Prospecting and Marketing. 

Plus Jake's comments above are spot on.I'm also new to BiggerPockets but I'm a 3rd generation investment property owner in Seattle. 

Think in advance as well;  will this affect the future sell ability of the home? 

In the podcast I hear a lot about building relationships with local banks and leveraging those relationships for future financing and creative financing options.