Like I have mentioned I have a 4 month old daughter to look after so I need to hustle especially at the age of 20 I feel like I definitely can still squeeze in to make plenty of mistakes, risk, and most of all learn from it but what is most valuable is time and it’s running out , going for my AA in RE for 2 years is going to take up time but it could be an assets in the near future so If I’m going to college I’m going to have to make the best out of it because I refuse to be 30+ years flat broke no education and my daughter eating cup of noddles.

Transfer taxes and realtor commissions on the sale side will eat a lot of that up.

If you get, say, 10 properties before you're 30, and each property gets a rental income of $1000/month before PITI and other expenses, when you're 60, you'll no longer have Principle or interest, and can just collect fat checks.

-JB Did you 1031 or eat the capital gains?

Eating an expense like that per turn isn't a big deal.

While I'm incredibly fortunate to be in this situation, it does mean that I would have to forgo my expense-less housing in order to house hack, which is the most feasible investment option for me.So my question is this - does it make more sense to stay where I am & keep saving for as long as possible, or should I purchase a FHA financed property and eat the holding costs for a year until I can rent it out. 

The saying "Pigs get fat, hogs get slaughtered" really applies here; I offered a deal on a place and came up to my maximum all-in, and they wouldn't come down $2500 to make the deal.

Servicing costs eat up a larger percentage of your monthly payment.

We do not want to spend money on this property and am concerned that the outlay of funds could easily eat up any profits made from the sale of the house. 

Labor costs are huge.If I don't see a big fat margin of 30+% then I am not going to touch it on a flip property.