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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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What is the longer term plan regarding where you will live ? When you rent out this place, what will you both do next ? Buy another place ? Rent a place ? Go travelling ? 

What you do next might have an impact on what you do now

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