opinion on my strategy

[Scott DeLange]

Ok so i would like someones opinion on my plan of attack. So i am currently in the market for my first rental property and have been looking at duplex in the bucks county area. What i have come to realize is that the house wouldnt cash flow for the first year because it would be an FHA loan and i would have to live in a unit. This would clearly inhibit by ability to save up for my next property.

So my new plan is to find a Single Family home in the area.   I can get a loan on the Single family for 4-5% down, have to double check the specifics with my realtor.   So this way i can continue to live at home ( which i am fine with ) and rent out this single family home and add the positive cash flow to the money i already put away every month for a house.    This way i will be able to save faster and get my next property which would be a duplex for me to live in.

Thoughts?   good / bad    am i missing anything