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Updated over 8 years ago,
First deal & recently pre-qualified for a loan
I'm looking to get started on my first real estate investment (first home purchase). Unfortunately, I was not approved for enough to purchase a 2 unit duplex like I wanted. My plan now is to buy a SFH and live in it long enough to meet the FHA's minimum amount of time in order to begin renting it out. Would someone maybe suggest I not go this route and just wait to get approved for more and get the duplex? Currently looking in the SE Houston area