First investment property

[Alex Rojesky]

Planning to invest in first property. If I don't qualify for a loan to support a duplex purchase, my next option Is single family. Now my plan will be to obviously live in it which would take away the house hacking option. What is my foreseeable future on turning that single family home into a property that'll make me my passive income? Keep in mind I make an average income, so is my only option to live in it for a few years re fi turn it into a rental and purchase another property? And will banks hand out another loan, based off the fact that my income wouldn't be able to support two mortgages? Thanks and much appreciated for any thoughts and info!