Just starting out, looking for some advice

[Evan Mendoza]

Hey everyone! I'm new here, new to property investments and I'm looking to get started!

My goal is through house hacking, make around $500 every month for a year, then move out and try making around $1100 when I'm not living there.

My financial background: 

Right now I have around 50k in a CD which gives me a 2.8% APY. I started investing in a CD because I'm young (23yo) and I heard it was the safest investment out there. My CD I've been doing annual and ends in February of next year. When it ends instead of renewing the CD I think investing into rental property would give me a better annual cash on cash ROI if done right.

My plan:

I would like to buy a 3 bedroom condo in the range of 250k using an FHH loan, house hack it for a year then possibly move out and do the same thing in another city.

My concerns:

Since this is my first time getting involved in rental properties, there are a million questions I have while I'm still learning, here are some that come to mind:

-How easy is it to find tenants that are willing to split a condo with you? Obviously easier in a college town, but what about a vacation spot near the beach? What are my options here?

-Would getting a duplex be easier that way a single family can be in the other unit while I only have to find one tenant to share with?

-What is the best way to meet a property manager when I hopefully move out to oversee the property? How much $ do they require for their services and what kind of reports should I ask of them?

If anyone could help and give their opinions on my strategy that would be much appreciated!

Thanks

-Evan