Investing in Real Estate

[Kayden Austin]

Hello I'm 21 years old. I've flipped houses for flippers since I was about 13 with my dad. I got my first flip about a year ago with a partner and made a decent profit. Now I'm really interested and wanting to take the first step in investing in a rental property. My predicament is I'm looking at buying this house and it will come with around $50k-60k in equity(which I don't want to pass up) but will need around $15k put into it. So I can't afford to purchase a rental for maybe 2 years when I plan to sell it. But I also would like to 1031 it which I can't because it will be my personal residence. Just looking for some advice or direction here. 

[Basit Siddiqi]

Maybe you can get a Hard Money Loan, rehab the property and then refinance into a conventional mortgage?

The alternative is to flip the house with the same partner you had last year and use the profits you make towards your first rental property.