I love that you are young and have set a goal and going after it!

While I set a goal for myself to buy a house before the end of 2023 that was not possible, however; I did manage to close on my first SFH this month on the 26th!

Make sure you have a clearly defined goal, and go after it that way.

I run a MTR out of my primary bedroom and would be happy to connect and chat about your plans and what my experiences have been. 

No REI experience outside of owning his primary. 

Hello,I am pre-approved for a mortgage on a primary residence (non-FHA).

No matter how much or little you make or spend, I think it's a useful tool to understand yourself and your goals.

Easy to get into  2-4 unit multifamily with lower down payments, use of 75% of other units rents to qualify, can be purchased as primary with 3.5%-5% for primary and 15% for investment versus Storage facility which carry a higher down payment, tougher underwriting, DSCR requirements, percentage of units rented ratio requirement, previous years financials, Each bank/lender has specific overlays and may require more based on commercial financing.Some banks and lenders also require landlord experience when it comes to storage facility or commercial loans in general- Not all but some so good to ask up front.

I always make that decision based off of my personal/business goals. 

I was thinking about pitching the building and location really well with one goal in mind which is a LOI.