Austin Real Estate: Is this a solid plan?

[Ajeet Baath]

Hello all,

This would be my first time investing. Some background on me, my fiancée and I make a combined income of around $170k and we live in southwest Austin, 10min from downtown. We are looking to buy a home for ourselves by early 2022 (after our wedding) and I wanted to make it an opportunity to begin a portfolio of SFHs. The reasoning behind choosing SFH is so that I can start slow (self-managing) and work my way up to a modest but sizeable passive income stream, mostly made up of houses that I've previously lived in.

I was wondering from all of you if its common to simply buy a home as a residence, live in it for a bit, and then move/size-up while making the previous one a rental. My concerns for Austin are cash-flow of course, but I plan to talk to a RE agent to see the potential for buying a residence that would make a good rental after living in it for 3-5yrs (rents may rise during that time). My other concern is that I don't want another fulltime job, so I see this as a way to mitigate the stress of learning about a new property (I've already lived in it!) and actively managing it day-to-day (only have to worry about one family, and they would likely fit my fiancée and I's renter characteristics if they are renting a home that we initially wanted to live in)

Sorry for the long post, all ideas are welcome.