Looking for my first property
Im almost done with college and looking for my first property. I have been fortunate in the fact I have no student debt and have saved enough for a down payment. My parents have a few rentals and I have seen their success with real estate. I am looking to buy a duplex and live in one half rent the other. My plan is to live in the duplex until I can acquire my next property then keep it and repeat the process. I have a job lined up but would like to work on building up a few properties. I have helped my dad with some remodeling work and I'm going to do any maintenance I can do myself.
I am trying to learn/read what I can because I have a few months before being done with school. If anyone has advice on what type of mortgage 15yr/30yr? I believe taking a 30 year is way to go with low interest rates and also what kind of downpayment would you suggest? Also how long do people usually plan to live in the duplex?