Advice on my First Investment!

[Javier Beltran]

Hey all! My wife and I are new into the real estate investing business but are in a good spot to begin. Our goal is to buy our first property (ideally a live-in flip) in June 2019 in Lincoln, NE. By June, we will have saved up enough to put down 20% on a modest single-family home. The big wrench in our plans is a move to Colorado beginning in early 2020 which means we would live in the property for a little over a half year which would be plenty of time for a proper rehab as well as time to assemble a good team (because we plan on continuning to invest In Lincoln even after we leave) including a property manager. Then, once we are ready to move, rent it out and have it as an out-of-state property. 

Do you guys think this is a wise move? If not, what complications do you think could arise that could make this a disaster? Overall pros and cons?

Like I said, this will be our first investment so I'm sure not everything will be perfect but I'm willing to try my best to minimize any problem that could potentially arise. Any other tips and advice regarding my situation would be greatly appreciated! Thank you!