Owner Occupancy

[Chris Reinhardt]

Hi everyone,

I am brand new to the investing world and am extremely eager to get started! I want to focus solely on rental properties to create some residual income for myself. I am having trouble getting started on my first piece of property however. One of my biggest problems, outside of finding funds for a down payment, is figuring out how to get around occupying the residence for the first year. I realize I cannot simply buy a house and immediately start renting it out, yet I am very happy at the place I'm currently living ($600/month ALL utilities included). One tip I've picked up in regards to this is that I could buy a duplex and live in one half, while renting out the other. At the moment this seems to be the best option for me but wanted to ask if anyone else has any other tips for my situation? Thanks in advance for all the help!