Better deal or better neighborhood? First buy owner occupy multi

[Augustin G.]

Just hoping for some input on this. I plan on making my first purchase within 12-18 months, going multi family route with a FHA loan, with my fiancee and I occupying one of the units. My question is, would it be smarter to go for a cheaper home (lower mortgage) in a neighborhood which would bring in lower rents and most likely a lower quality tenant... or would it be wiser to spend a little more in a nicer neighborhood where I can attract a higher quality tenant with higher rents? In the end I suppose the quality of the neighborhood is irrelevant as to if it's a "good" deal or not, this would be based on the numbers.

Anyone with experience going this route for their first buy who may have had the same thought process?