Strategy/gameplan for new investor

[Michael Nolan]

Hello all! My name is Mike Nolan and am looking for some constructive feedback on my current game plan to get started in the RE investing world. A little background: I am 21 years young and currently living at parents house. I am a union ironworker making between $90,000 - $120,000 a year (depending on if I choose to work OT). No car loans, no real expenses except for getting to work. End goal is to eventually scale my real estate portfolio and make real estate investing my main source of income. Credit score: 736, liquid assets (stocks and cash): 130,000

My current plan of action to reach my end goal is to use an fha loan for a multifamily, refinance after a year of living there and turn that into a full on investment property. Reasoning for this strategy would be to utilize the 3.5% and keep other money for next move after that.

Other plan Im considering is buying either a multifamily nearby using a 20% down payment, or an out of state investment property with 20% down.

Ultimate goal is to eventually stop ironworking and take on real estate investing full time. While I have this good job I want to scale as much as possible into REI. Any and every bit of feedback is greatly appreciated! Thank you guys so much!