Rookie need guidance!

[Simon Luo]

Hey I’m a pastry chef that was to start thinking about the future! A job like mine doesn’t really make the money for me to say I can retire with. Stock is a bit of gambling, I rather owning a property and renting it out.

I was only able to save 40k and save about 3k a month. Should I do rental or house hacking? With the limited knowledge and money; any pointers or tip will be much appreciated!

I live in Brooklyn all my life! From East New York -> Bay Ridge -> manhattan; I don't have any limit where the property has to be! Just want to know how to start? Can I use FHA loan, so I can have more cash flow on hand?