First-time Investor Interested in FHA multifamily investment

[Morgan Pierson]

Hi all! First-time investor here looking for any and all advice. I want to lay out my current situation + goals. I apologize in advance for any overshares, but my hope is to be hyper-transparent to get some advice specific to my goals as I dive into the world of real estate. 

Financial Situation:

- Single professional ($200k / annual salary)

- Remote job (can work anywhere / establish permanent address anywhere)

- ~$100k savings (between checking, index funds, and small crytpo portfolio)

- Grew up in Southern California (I don't intend to invest in CA, but it is the market I am most familiar with so I am really looking for advice on how to confidently branch out to other more affordable markets with better ROI)

- Dad is a real estate developer based out of Southwest Colorado (considered stepping into this market, but not familiar with it's ROI compared to other states commonly mentioned here)

Goals:

- Develop passive income streams to match/exceed current salary (I'm trying to escape 9-5 life ASAP)

- I plan to utilize an FHA loan to minimize my down payment on my first property (ideally looking for a 4+ unit building where I would rent the smallest unit for myself and maximize the rent from the larger units). Since I can work remotely, I would try to travel often and utilize my own unit as a short-term rental income property as well

- After that initial property, I'd like to use my real estate portfolio to grow itself (use fha property as collateral for additional properties, but I am not sure if this is possible)

Again, I am just getting started so any and all advice is appreciated. I'm really just looking to answer the question, "If you were in my situation, what would you do?" Finally, some markets I am looking at are AZ, TX, CO, and FL. Thank you in advance for your advice!