Or would I be better off using that investment money in a larger more luxurious house in the $500K range to rent out?

Lastly, you can use a low down payment to get into these properties either with a FHA loan or a conventional loan but you should look up the difference between them so you can figure out which one best suites you. 

Although this is hunger, he meant in a wider term, such as a car for high school, new shoes, not having to worry whether you could pay for the next semester of college, having just a grey and a brown suit for your first white collar job.Most of my posts, I always start or end with "Start Small and make your Big Mistakes early".I think this might be why I haven't heard from these folks. 

My go-to is Lifeproof luxury vinyl plank flooring, and I use it throughout all of my units when renovating (including bathrooms).

Can I rent out my SFH to a year round tenant and make the In-law suit in the house an airbnb?

If successful, Illinois, New York, New Jersey and Connecticut are likely to follow suit.

And, also doing Instacart grocery raffle giveaways since people are trying to avoid entering grocery stores. 2) Offer 6-month lease terms to prospective renters that do not want to commit long-term due to uncertainty, 3) Propose furnishing two units and offering short-term corporate rentals, 4) in place of lowering the rents offer a two-month free rent concession on an 18-month lease term.In addition to the pandemic being a hurdle to leasing these luxury units, there is construction next door to the building that will not be finished for another year. 

Cashed out funds would probably be better suited for that.

No.People always make this mistake.Not every property gives you all options (flipping, wholesaling, buy and holding).First you find out if it is a flip, or rent property.If it is a property more suited for buy and hold investors, those are the wholesale gems.A flip has way different costs of repairs than a rental would.

Look at a duplex or a unit with a suite where you can increase the amount of rent coming in.