First Deal/SFH Owner Occupied Help

[Brandon Earman]

Hello BP. Fresh out of college, I've got $10,000 to utilize. I'm currently living with my grandparents but looking to move into a place of my own.

My concern is that once I put all my money into closing costs for a house and start paying mortgage + utilities etc, it will take me years to work up to $10K again for my next property.

I've been reading a lot and it seems like the days are gone where you didn't need much cash (or any cash) to close on properties. It's been quite discouraging, but I know there's got to be a way to break into this business.

One thing I don't want to do is get into a rental/apartment and have to throw money away to rent. I'd rather buy a SFH and at least be putting my money towards equity.

Can anyone offer advice here? I've also thought of buying a small SFH (~50K) in hopes of getting ~$150 a month in positive cash flow. I'm sort of in a rut!