Starting out, anxious to go!

[Colby Todd]

Hey Everyone,

I am new to investing, having only done some extensive research, yet haven't yet made the jump. My goal was to know enough to invest within a year. Listening to the podcasts, and reading the forums and books etc., has changed my mindset and with each listen or read it only increases away from the way I used to understand money. 

I recently have been approved for a FHA loan which I want to use for a Multifamily Home. I live in the northeast, and it is quite expensive, which makes it hard for me to relate to the prices, but I do believe it is all relative to the area.

So, I am looking forward to this journey.

I am looking forward to networking, and growing. 

My first few  questions would be: Does anybody have tips or strategies when buying first owner occupied. Is there any expectations that nobody talks about?? I am wondering how to go about the period of time from the renovation period to having the units rented from a financial standpoint.

Thanks!