Condo to live in then rent in Concord, CA

[Marie C.]

My husband and I are first time homebuyers. Our current plan is to buy a 2 bedroom condo in Concord, live there for a few years, and then turn it into a rental. My brother in law will also be living with us. Our budget is tight because we are putting both of my brothers in law through college. So we really want this to be a good investment rather than solely a place to live. I was hoping to find a place that needs some cosmetic work but has AC and in unit laundry. But I am realizing I may need a make a few more compromises.

Our realtor says that it's difficult to find a complex without rental restrictions in Concord. There are a few but those HOAs also seem to have poorer external maintenance and landscaping. Our agent seems to think we should just plan to live in the unit for at least 7 years. But I am concerned that we may need to move for work sooner than that. And I want to ultimately buy another property in a few years. We have been searching every weekend for about a month and have only put in one offer so far that was out bid. I would very much appreciate any advice.