Buying my first property-House Hacking

[Ashanta Kelly]

Hello,

I am just getting started in Real Estate and am eager to buy my first property. I intend on buying a multi-family home and living in one of the units. I am currently working on my credit and saving money for a down payment. I plan on getting a FHA loan at 3.5%. I was wondering if anyone could give me some advice on certain things I should be looking for in the property. Should it be in great condition or should I go for something lower price that needs some rehabbing? How do I get extra money for the rehabbing? Also, after I develop cash flow from this property, how do I move onto the next property to make money?

Thanks!!!