So far this has been a very educational experience with some small hurdles along the way.

I've spent countless amount of hours watching webinars and videos to educate myself.

That's could easily translate into $7 - $8K tax bill given a less than a year hold period and state and federal dings. 

I had looked into it in the past and there was a time period that needed to pass as well as an equity position beyond 20% that the mortgage company wanted me to have reached (I believe it was 25%) for PMI to drop.

If my card is stolen/fraudulent charges, then I don't have any capital (only that credit amount) tied up during the dispute period. 

Your exchange period is the shorter of 180 days or the date of your next tax filing after closing the sale. 

I have another one- when you put a property’s under contract how long you do the inspection period and how long you let yourself to prepare to closing ?

But I recommend joining an apartment association and having access to their forms/leases/documents/educational tools. 

@Homero RamirezIf you are already approved for an FHA loan, one of the easiest options would probably be to find a duplex and house hack while you continue your real estate investment education.

My goal is to get my CPA once I meet the education requirements by going through a Master of Accountancy or MBA program.