House hacking my first rental in NJ. Any advice ?

[Anthony Gabriel]

I've been like many- studying and researching various real estate avenues and waiting to gather enough confidence to put my money to work. I have reached a point where I am ready to invest in my first property. My strategy is to invest in a fourplex with an FHA loan and HH for a year. I have identified a deal that has a positive cash flow in a 15 year loan which indicates , by the time I move out my 4th tenant would be pure cash flow. I don't intend to pocket that money, rather invest it back into the loan and possible refi in 2 years to buy another multi-family.

I’d like to share some information about my qualifications :

My personal credit score is over 800.

My income is over 150k before bonuses.

I have an LLC I do intend to transfer the property over to at some point.

I have identified a property management team that I believe in.

Please share your thoughts , NJ I find is a challenging area to find multi-family investments. My thanks for your time reading.