Intro Rental Questions

[Hank Walter]

Hi It’s my first time so go slow,

I’ll be a college grad in the spring and am looking to invest right away. I’ll have a little debt (around 20k) and petty cash around (10k) with a credit score of 721.

I’m looking to get into multi-family properties, so I can live in one while renting out the other. I’ve looked around at loans and the 203k Loan has peaked my interest, but not sure if I could meet all the requirements though. I’ve worked throughout college but I’m not sure if that’ll suffice for the employment requirement. I’ve done a little research with trying to create a predictive housing model for the Minneapolis house prices, it’s still a work in progress.

I guess my questions are:

What are some other viable financing options for me?

Potential hurdles ahead?

With the 203k loan, adding in repairs to the principle of the loan, do I have to get actual contractors or can I do the work myself? I believe they require multiple estimates.

Books to read?

Thanks,

Hank