Buying First House In Dallas Texas In 2017 - Advice Needed

[Cory Dean]

My wife and I are buying our first house in mid 2017. This house is going to start out as a way for us get out of renting and start building equity. With that being said, I have always imagined our first house being a starter home and eventually using it as a rental property when we decide to buy our "forever home".

Now, that is what I have pictured, but I would like to know how realistic it is. Given the information below, are there any other/better strategies I should look into to be able to get into a home as well as eventually turning it into a rental property?

• Looking to buy around Richardson, Garland, Wylie, Rowlett, Plano, etc..
• Mortgage Credit Score: 750+
• Will have approximately $17K saved up by July 2017
• As of right now Debt To Income Ratio is 8%

Thank you in advance for your time and advice!