This is a longer-term strategy, but it could be beneficial if the market trends upward.

What was the outcome?

What was the outcome?

I do not know the outcome long term.   

It's very beneficial to get loans when you have a W2.

For the purpose of this exercise lets focus on the other 99% who invest in SFR homes which is for the highest yield outcomes.  

I would love some advice on a few things1) when starting out, is it more beneficial to start working the area you live in first?

What was the outcome?

You can buy a single family home, live in it for a year, then rent it out afterwards, and that would effectively be an investment property after you moved out, but you also got the more beneficial terms of it being a primary residence loan.You could buy a single family home and rent out bedrooms while you are living there, and that would effectively be an investment property, but again, you have the more beneficial terms of a primary residence loan.I wouldn't get caught up so much on if a property you buy is an investment immediately so much as I would focus on what your goals are and how each purchase would be step towards your goals, whether that is house hacking or just buying investment properties you don't live in. 

I understand that forming an LLC and having a business account could be beneficial for this purpose.Thank you for your assistance as I navigate these questions and seek a clearer path forward.