Good or Bad Idea to Start Investing

[Alexander Flores]

Hey all, I have been around the bigger pockets for a while. An idea I have been thinking about for awhile is this: 

• 10k to use on investing
• 3k net income
• Currently living at home with no expenses
• There are some SFH 3+ Beds that I could mortgage with FHA or 203k at about $1100 a month after insurance, etc. is factored into the monthly payment.
• Use the 203k loan to fix up the house and hopefully raise the value of the home. (I know hoping for appreciation is a no-no)
• Rent out the spare bedrooms to friends or anyone I can find that is suitable to rent to.
• Once the 1 year requirement of occupancy comes up, put the home on the market for a reasonable profit.
• Or decide to rent the home out, in my town rentals that are updated can rent for $1500 easily, all the way to $1800 a month which would result in 500-800 cashflow. 

I am just curious if this makes sense because to me, I would rather do this than just keep my money in my savings account making crud interest. Even if I sell the home after a year and make 1k profit after all is said and done, I would have learned so much from the whole venture.