coming up with a game plan

[Jim Murphy]

Hopefully I am on the right road , I have located an area that I will be investing in , I will be buying a property for cash and doing extensive rehab work to it. It is a two family . My plan is to go to a bank when I have a tenant and seek a 1st mortgage and then use that money to buy my second property and so on so forth , Is this a correct scenario or am I being too simplistic?