I think I have a good plan

[Tom Sears]

So my plan is to use 10k from my 401k and 10k from NJ first time home buyer program. The hitch is that in order for the NJFTHB loan to be forgiven I have to stay in the place for 5 years. I figure this limits me to a triplex or 4-plex if I want to not only have the mortgage paid but also make money at the same time. If I save the proceeds and save the money I'd be spending if renting I should have 20k to invest again in about 2 years. I'm hoping by then I'll be less leary and have some decent experience in real estate.

Does any of this sound good?

This is South Jersey Camden County area.