Rental Property Investment First purchase

[Randolph Bartholomew]

Hello Bigger Pockets Family!

Had a fairly straightforward and two quick questions. I am a 26 year old about to purchase my first personal home and would like advice from the many.  I am committed to the rental property niche and would like to know if it is a smart idea to purchase a single family home or multi-family as my first purchase. Stay in that home for a year and using that home as my first rental property, while moving onto another one.

Second Question

I have been told many different ways to get a second rental property while living in my single family home. Hard cash, bank loan, equity loan etc.  Wanted to know what you the many recommend as far as funded the second future rental property. Any advice and experience will be greatly appreciated.