First Duplex - Couple questions!

[Krys L Burke]

Hey ladies and gents. Let me tell you first, I've been dreaming of taking this first step for entirely too long. We finally dove in and made the purchase. And although we haven't close yet, we feel we're getting this place for a steal. 

My questions are as such - If I'm purchasing this on an FHA, but want to purchase another property conventionally, before I can refi, would that be possible? My plan is to have another down payment saved up within the next 6-8 months. And then, once I refi, grab another FHA loan and ultimately end with 3 properties this year. In the interest of disclosure, I'm staying sub- 100k in these deals. This first one is 75k overall... Am I reaching too far? Am I missing a vital piece of the puzzle? Or are my plans on track?


Question 2 - I've done the numbers and I'm wondering if I'm missing anything? Typical closing costs, etc. 10% vacancy (long term tenants) $2,000 a year for maintenance. $900 insurance, $2800 taxes.. Both actual numbers. What am I missing? The numbers seem too high. Or is this just a really good deal?

Thanks in advance.