Advice on buying a single family home to live before renting out
Hi all,
I'm still doing a lot of reading, researching and listening to the BP podcasts. I just finished The Millionaire Real Estate Investor and The Book On Rental Property Investing on Audible. I'm really excited about REI and I'm positioning myself financially to get started.
Currently I am renting but I'm looking at single family homes to purchase, live in for about two years (I'm in the Marine Corps and will be moving from Chattanooga, TN to Camp Lejeune, NC at that time) and then renting it out once I move.
Has anyone ever done this before? I'm already familiar with "house hacking" from the podcasts, Brandon's book and webinars but with a wife and three kids, house hacking in a single family home is not an option.
I'm also thinking about going PRO so I can take advantage of the calculator to help me out.
Has anyone bought a single family home, lived in it for a few years and then rented it out? How did that work for you? Just looking for some insight and maybe advice.
Thanks!