buying a 2 bed 2 bath house and invest?

[Robert Uceda]

Hello, I am interested in buying a house within a neighborhood that is marketable, probably around south Denver, not far maybe from University of Denver, where I gained  a Master's degree and possibly after living in it, rent it out to tenants, possibly graduate students at DU campus.  I am interested in buying a property sometime in August, live in it for a few months and then have tenants live in. I realize I could benefit from having a realtor help me manage this process.  I also want to leverage my finances by having a property now that I work as a 1099 contractor for the past 4 years.  It's annoying having to pay the IRS so much in taxes as a 1099 contractor.  Gone are the days of being a W-2 employee, once upon a time.  Any suggestions? Would this be a sound financial strategy in the long run (kind of like a buy and hold)?? 

Robert

resident at Denver tech center