USDA primary then after a year purchase duplex FHA

[Joe Fornasiero]

I purchased my primary residence with a USDA loan back in January. I've been wanting to start a rental portfolio for awhile and was considering renting out my primary residence after a year. I believe it would rent for around $1500/mo. Current expenses for PITI comes out to $850/mo. The house was completely gutted and renovated prior to my purchase so everything is brand new. I'm considering purchasing a duplex as an owner occupant with an FHA loan live there for a year then purchase a primary residence a year later with 20% down. I understand the cashflow may be tight due to the low financing amounts but as a wealth building tool I feel that this may be my best option to get started with rental properties. I'm 25 years old and have mainly focused on index investing in the stock market over the past 6 years. I would like to diversify into REI. I'm looking for suggestions or recommendations from people who have done something similar. Thanks!