Hopping from SFH to SFH

[Kyle Carrington]

Hello,

Sorry if this has been answered before but I wasn't able to find a similar post.

My wife and I just bought our first single family house that we're living in while we renovate with the intent to turn into our first rental property. We did a conventional, owner-occupied mortgage with 5% down and PMI. Based on the rental comps we found when purchasing this house, we should be able to cash flow decently after PITI, PMI, maintenance, etc.

Has anyone here accumulated SFH rentals by getting owner-occupied financing with 5% down then moving into the next house every 2 years and renting out the previous house?

Thanks!