Newbie formulating a plan and looking for wisdom in Omaha

[Dave Arbaugh]

I am new to this and need insight to know if I'm on the right track

My current situation:

-I hold a FHA mortgage on my family's home. I can't have two FHA's so that limits me on low down payment options to buy another property.

-Currently limited on cash, I have $3000 set aside for real estate and an able to add $1000-1500 every month.

My plan. 

1.  Over the next 6 months I am going to get my real estate licence while saving as much money as I can. At the end of the 6 months I will have between $9,000-$12,000 set aside specifically for real estate along with the knowledge a real estate licence brings.

2.  I plan on my first property being a fast turn around flip.  I won't have enough money for a 20% down payment but could utilize a hard money lender or some other creative means knowing I will not hold the property long term (4 months to a year).    

3. I will make the payments on the property with the $9-$12k I have saved.  I will get another personal loan or used credit cards to finance the rehab on the property.  

4 . sell property quickly for a good profit margin. I will have my real estate licence so I can maximize the profit margin on the sale by not paying commission - I hopefully will net enough for a down payment on a multi family property to create monthly cash flow. 

5. buy multi family unit conventionally with 20% down. 

6. do it all over again. (except getting the real estate licence as I already have it ;)  )

I'm looking for any insight or advise I can get. Thanks.