Roadmap To My First Investment, Feedback Welcome!

[Robert Ashline]

Hello Everyone!

I am a 23 year old who is currently budgeting and saving toward a down payment fund for my first investment. I work full-time in healthcare administration and my current budget allows me to save around 40-50% of my income. My basic plan is to house hack, I want to find a good MFR deal in the Birmingham, AL market and use an FHA, or 203k, loan to finance my first investment by no later than December of 2019. I will live in one unit while renting out the other units to generate a positive cash flow in addition to my earnings from my full-time job. I plan to reinvest my profits to compound my earnings and expand my portfolio to multiple properties within three years, or earlier if the opportunity presents itself. This is a basic rundown of my short term goals, but I realize that I still have a lot to learn about this business, and I would really appreciate any feedback or advice from the BP community. I have been reading the Beginner's Guide on here as well as resources pertaining to FHA loans. Any books, articles, or recommendations are welcome!