First-time MI investor...kinda

[Rachel MacLeish]

Hello! I'm in the process of closing on my first house (yay)! I'm utilizing an RD loan because I'm a social worker who doesn't make very much. I've decided that, rather than spend years saving for 20% down, I'd live in my first house until I qualify for a new primary residence. Then buy a new house and transition the first to a rental, etc. Has anyone done anything like this before? Is there a better way? Any and all advice is appreciated!