20 Year Old First Time Investor Looking For Advice

[Jackson Vasey]

Hello, first post on this forum. Been listening to the Podcast for awhile now.

I’ve started working in my career and I’ve been starting to save a sizable amount of my income. I’m looking to purchase a house and live in it for a year and do light cosmetic work to it then move into another house and rent out the previous one. I’m in the Orlando FL area so all of the houses around my area are 200-300k for a standard 3/2 or 4/2. I’m open to strategies and wondering how much I should save as a down payment before I make a purchase. Since I’m living in it first would it be wise to just do a 3-5% downpayment? Any advice is appreciated. Thank you in advance.