Next Step for investing

[Chris Shaw]

Hello BP!

So I'm in the process of selling my primary home as we speak. I should net a decent amount for the house. The plan is to buy another SFH with FHA (we can do conventional)

With the other cash from the sell we planned on buying a MFH in Phoenix, AZ (or surrounding areas), or Las Vegas.

After a year or so we plan to refi out of the FHA, rent out the SFH and find something more long term.

Can this transaction be done sooner? As in buy both at the same time. Lived in the house more than 2 years so I don’t have capital gains tax (as my Agent says). Anything I should be aware of? Did I over look something?