Beginner invested from North-Eastern California

[Austin Bathel]

hey there guys, first post here. I am a beginner investor. Purchased my first home in Camino, CA. This was just a little over a year now. I started renting it out a few months ago. Just to give you an idea of numbers, my mortgage, insurance, property tax, and monthly expenses adds up to $839.01/month. I currently collect $1200/month on rent. I feel like it's pretty good cash flow on the property, considering I bought it from a non profit that did a fix and flip on it. I am currently in Escrow on my second home, also in Camino. I am using FHA financing on this one, so I will be living in it for a year, then renting it out, I project I will turn about $350+/month on this one once it's rented out. The only way for me to buy and rent houses right now is to finance them and live in them for a year since I don't have 20% down. I am only 21 so I feel I have a decent start on the whole process. Does anyone have any advice for me? I have been peeking around on the forums for a little while now just learning a little here and there.

Thanks,

Austin B