1st house - Atlanta, GA

[Eric Feng]

Hello everyone. I am new to the forum, and to real estate investing. I hope to learn enough to someday to be able to pay it forward.

I am planning to purchase my first house in the next six months, somewhere close to Midtown and East Atlanta. I've saved enough to for a 25% down payment for a $130,000 property, with some cash reserves. I planned to buy a duplex, but there don't seem to be many good properties available, so I might eventually buy a 3 bedroom/2 bath, single family home. 

My investment strategy is tostart with buy and hold, buy 1 or 2 more in the next few years, gain more experience and capital. After that I'd try flipping, and/or wholesale properties. My plan is to live in my first house and rent out the two rooms, pay off the house aggressively to earn enough equity then purchase a second, then third property.

I'm just curious about what the more experienced home buyer/investors think. Anything from tips to suggestions to buying the first property, things to be careful about, whether the plan sounds feasible, etc. any advise would help.

Thank you all in advance.

Eric