@Michael Cline as others have mentioned, with conventional mortgages, banks want you to fit into a neat cookie cutter mold.

Start now and when you find someone keep this relationship alive (send him/her cookies for Christmas etc).

@Kenneth Cook I wouldn’t worry about asking the tenant, as long as you have the rent amount.

A little background I’m 23 with a 740 credit score I make 26k a year before tax and my take pay every 2 weeks is about $850 as a cook I have a car loan which I owe about 5k on and the monthly payment is $200 a month I have no other debt, I have $13,000 saved up and I currently share an apartment with my girlfriend so my half of the rent comes out to be $400 month and I live in Florida.My question is would it be wise for me to try to buy my first investment property so I can house hack or should I wait till my income has increased?

@Dwight Cook, I suggest you start looking for partners, or something you can house hack to a low downpayment mortgage option.  10k/60k is only 16.6%, which doesn't satisfy any banks 20% dp requirement.   

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Instead of the cookie cutter degree you can educate yourself on the specific notch you are most interested in.

If I stay consistent and don't respond to this then they'll know what to expect in the future.I would say its the whole "give a mouse a cookie" thing.

P.s. your first two responses are both RE investors, one who is the bp money host and wife of Carl Jenson, a smart cookie, and Alex Deacon, he probably runs one of the largest property management companies in southwestern Pennsylvania.

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