Approved for 350k

[Jerell Edmonds]

Hello everyone, I have a quick question. I am looking for a (LTR) in my area and then to expand out of state for my next one. I currently have been approved for a loan of $350,000, but it is not enough for a multi-family home in this area. So, I was wondering if it would be best to buy a (SFH) and then rent it out fully after a year. Then, I would use a conventional loan for my next house, hopefully a multi-family. Any advice would be greatly appreciated."