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Hi all,

I am in discussions to purchase a property which my partner and I intend to move into. 

The house is relatively small, although plenty big enough for us at the moment, and for the foreseeable. The property needs some work done. I estimate the property will cost 95k with 15k of work to be done, and I'd expect the property to be worth 135k at the most with the remodel.

I live in an area where serviced accommodation works quite well and a rental would probably return 500-550.

Does anyone have any advice or guidance on purchasing a property with the short term intention of living in the property and a longer term goal of moving out and having that as a rental. 

Thanks for reading!

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