First timer! Need advice

[Lance Antonio]

Hi, so me and the wife have yet to purchase our first, here in Oahu HAWAII it isn’t the cheapest, but we have a goal to just get one condo. We want to get it as a first time home buyer with the, I think 3% down, but it’ll require for us to live in it for a year, which we don’t mind, but we do want to rent it out as soon as we can. My question is, is this a good idea and would it be something worth doing? Or do prices and interest rates matter? Also if there’s anything we should do or lookout for? 

Thank you in advance