Conventional loans (Fannie/Freddie) will let you do a cash out refinance as an investment property after the existing loan on the property is 12 months old.

Do you have investments already?

It's a 2 BR 1 bath house.

Your best investment is in yourself.Consider going to college or learning a trade.Use the funds to invest in something that does not require much time so you can focus on learning.If you do decide to get into real estate, you may want to consider doing a house-hack.It will give you a place to live(potentially saving you a few hundred dollars from paying rent and also giving you training wheels for being a landlord).

You can also check meetup.com or search Facebook for real estate investment groups, clubs, or meetings in your area.You should get a basic education of how to invest in real estate. 1.

I'm here to learn and enhance my skills for better real estate deals and flipping houses. 

Currently shopping around for a convention loan for first home to house hack.

-Am I screwing myself from any first time homebuyer deals, higher interest rates due to personal vs investing, etc.?

The good news is that in these types of cities, there are significantly more properties for sale (albeit at lower price points), and you can gain traction with a few houses per month more easily than in tougher markets like Tampa or Dallas, for example.

I went ahead and accepted them, and in the lease they both signed, he is the primary, because her income and credit score would have disqualified her to rent alone.Two months after they moved in, he called me and said they were having relationship problems and she kicked him out the house.