What Would You Do With $15K-Starting Out

[Dennis L Lewis Jr]

Thanks to a family friend I have $15K  to use towards my first real estate deal.  I was thinking about using the money to fund a house flip to hopefully bring in a large enough profit to pay back what I borrowed and have enough to fund my next deal.

I could buy and hold a property, only draw back is it will take a little longer to pay back the funds. In taking the FHA route and with me searching for SFH I would have to live in the home for a year before selling ( I think?). I may need to look into some creative alternative options. Curious to see what you would do.

So in perspective to your area, what would you do in my position? 

Any and all insight is appreciated Thanks!