Should I live in flip?? First time home buyer.

[Drake Blackledge]

Hello guys, it’s my first time posting to here I’ve been studying the real estate realm for quite a while including becoming a licensed agent at 19. Shortly after becoming a realtor COVID threw me for a loop and it never took off. I’m no longer a Realtor, I’m actually a roofing sales rep and I love what I do. I’m extremely passionate about it.( Just giving some background) I’m heavily interested in the investing side of real estate and have been for years it’s truly my dream to attain financial freedom through real estate investing. I do have what I feel is a baseline understanding of real estate but I’m desperate to get some input on this strategy. I eventually want to phase out of sales, build a team, and flip houses full time. I’m about to purchase my first house and my plan is to purchase a home at a good deal, under what I can afford, as to have some extra money to put into it. Plan to live in and renovate it for the 2 years, then refinance the house with its new value, hopefully come out on top with decent profit still, and use that extra money to purchase my first non-live in flip.  I definitely don’t know everything and I’m here for advice on what to do. Is this a bad idea and what are the flaws in my thinking? Is this not even doable? Experienced investors, please tell me.