22 year old looking to buy first rental property

[Colin Lysik]

Hello! I am new to the investing world and have a few questions about buying my first rental property. It will be the first house that I have ever bought and I don’t have plans on living in it. Looking to purchase a 2-3 family unit. I have 21K in savings that I would like to invest. Is that enough? Is that too much to invest at once? My goal for the rental property is to make about $600-$750 a month cash flow. Is this a practical goal? What would you do with 21k? Any information helps! Thanks for your time!

[Shane Welch]

I don't have much experience, but I'd say do FHA loan, live in it for a year and you'll have plenty of money for that. to make $600-700 net you'll definitely need a trip/quadplex. or an extreamly good deal on a duplex.