New to property investing

[Brandon Ngo]

Hello everyone! I'm a recent high school graduate and currently working on obtaining my real estate license. I live in a slightly more expensive area (Salt Lake City) where a duplex may generally go for around 250k+ I was thinking about a first rental to be a duplex financed with a FHA loan to allow for a lower down payment of 3.5% because at my age a 20% down payment of 50k is not easy:/(not only that but renovation costs as well) I was hoping to live in the duplex for a year (to meet FHA rules) or two to qualify for tax free capital gains if I choose to sell within 5 years and to rent out both units after moving out. I was wondering if anyone else had similar situations and or ideas on how much the cashflow would be affected? Any advice is helpful! Thank you for taking the time to read!