Refine my real estate strategy
My area is expensive, finding deals is difficult. My plan is to rent out my personal home and move into another home close by and possibly rent that one out in the future. I can do this because the down payment is more affordable for me as I don't need 20-25% with most rental properties b/c it is a personal residence.
I've estimated that if I rent out my personal property now, it would cash flow almost nothing in the first few years. However this would be an easy one to rent out because I could manage it myself, and I am very familiar with it.
I want to get started in Real Estate however I am hesitant on this one, your thoughts?