Need your expert advice!

[Brycyn Campbell]

Hi all, thanks for taking the time to read my post. I am a 23 year old that lives in Nampa, ID. I purchased a home using the first time home buyer loan in 2017. If I remember right, after 3 years you are able to use that loan type again? I don't know on that so if someone could clarify for me that would be great. Anyways, I am looking to buy another property and renting this home out. I don't have 20% down to purchase an investment property with a conventional loan and it will probably be a significant amount of time before I can save up that much. Especially with the median home being in the 300's. What do you guys think my options are? I gross about 66k a year from my job and have about 12k a year in unclaimed income from "househacking". Currently I'm renting the bonus and master suite in my home for around $1300 a month total and that almost covers my mortgage. I think if I were to rent out the home completely I would be able to rent it for $1400 to $1500 a month but then wouldn't have anywhere to live, and that's why I'm here. I would like to rent out the home completely but need to get another property first that I could move into, flip and live in or rent. How would you guys do it? What options do I have in this?