First Investment - Maple Heights (Cleveland), OH

My first purchase was made in September of 2018 when I was 21 years old with the help of Mom's credit and half of the down payment (Thanks Ma :-) ).  The house was a 3 bed/ 1 bath cape cod style home with around 1100 sq. ft.  I purchased it with an FHA loan (3.5 down) with an interest rate of 4.625%, for 30 yrs.  The house appraised for 68,000 and I bought it for 65,000, so I already had equity in the property!  The house was a flip so I didn't need to make any repairs and it was move in ready.  My mortgage payment goes for $585.23 and rents in the area go for around $900. 

I am using this house as a temporary home while I graduate college and begin working (which is 20 mins away).  I will stay here until I pay off my student debt (hopefully within 3 years) and save up my financial runaway.  The goal is to either rent this house (despite the CF not being high) or sell it and use the money to invest in a house-hack duplex.  Or I could use the money I saved up to buy a home in the same neighborhood and rent it. (Homes are around 60,000).  But it is the first step towards financial freedom and I excited to move forward!