How to Start.
I am thinking about buying a townhome in a nice part of the houston, texas area which will probably go from anywhere between $150,000 - $175,000, to live in for about a year and then plan on finding renters to move in to pay the rest of the mortgage. When i move out i plan on immediately looking for more properties to purchase for alot less and maybe doing some work to them and rent them out as well. Which brings me to a couple of questions.
1) Is purchasing a house for that price advised for your first property when you are planning on investing??
2) Quite simply, whats a good way to start??