It’s great to see you here, especially since you’ve been following along for a while.Starting with a house hack is a fantastic idea, especially given your situation.

The closing team led by Taylor were fantastic and I see the first months rent in my account.

When you refinance a property as an owner occupied property, you are signing a new 12 month occupancy clause which means you need to live in the home as your primary residence for 12 months after you do the refi.Rates are on a downward trend and likely will continue to do so for the next 12 months so you may have time to refinance your loan in the next year or two into a fixed rate while you are still living in the property so if you planned on living in the home for 3 years, you could wait 2 years for rates to drop and then refi as owner occupied into a new 30 year fixed rate.Alternatively, you could get into a fixed rate now at at 5.875% on a 30 year fixed rate if you qualify for the "HomeReady" program (HomeReady is an income limited program that gives buyers a fantastic rate).

There is a lot of 2 and 4 unit inventory in KC and I think a fourplex is a fantastic first investment property! 

.- Learning Opportunity: Having your friend as a general contractor at a discounted rate is a fantastic opportunity.

I can tell you, from an efficiency stand point, they are fantastic!

. -401k Loans are a fantastic place to get access to short term funds.

It sounds like you’re in a fantastic position to explore new opportunities.

Time to build the legacy.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

This is all fantastic I love everybody's enthusiasm about this thread!