house hacking/investment property in Northern NJ

[James Cabral]

Hello everyone, 

My wife and I are looking to get our first home as a house hack in NJ. Our goal is to live in it for 1-3 years and resell. I'm also interested in looking into getting an investment property outside of NJ (Houston area) this same year and hold it as a long term investment after we get our house hacking home. Not sure how much of this is possible to do in one year, especially as new investors. Having some trouble on where to begin and what to consider. Also unclear how likely I would get pre-approved for an investment loan once I settle in our "primary residence" as a house hack. I would appreciate any feedback. Open to hear what some local agents have to say or know. Thank you