Fourplex Purchase / First Time Home Buyer

[Abigail Santamaria]

I am a first time home buyer and looking into purchasing a fourplex in which, I will reside in one of the units and rent out the other 3. Since it is my first time, I have many questions I was hoping the biggerpockets forum would be able to  help me out with. 

Before purchasing what type of research should I do on the property and what information should I gather? What things should be considered before the purchase? How do I make a well informed decision on how much rent should be? Is there a certain website(s) I can utilize to research all the information above? Who should I contact regarding a lease agreement? Overall how do I determine if the investment is worth it or if the property is over priced?

I apologize for the many questions. Since this is my first time; I want to make sure I do my due diligence. Any help would be greatly appreciated.

Thank you in advance.