A few questions about investing

[Jacob Reel]

Hi

I'm 24 years old and a year out of college. I've been working for a year now grossing around 27-30k annually.

I've been wanting to move out of my parents house for a while, and I've been thinking that maybe it would be a good idea to buy a house and bring in a couple renters.

I would probably go into it with my parents helping me out financially as co-signers on the loan. What I need is some advice. I've never bought a house before and this would be my biggest investment up until this point in my life.

I'll take any advice: Where can I find information on taxes? Where can I find a mentor? Where can I go for information?

Am I making a huge mistake? I understand that the market is volatile right now...but surely the housing market can't sink any lower than it already has. I'm planning on living in the house for a couple years and then renting it out after that.

What do you think? What should I know?