First Investment Advice

[Kenny Dao]

Hello,

I'm currently an undergraduate student and am very interested in investing in real estate alongside finishing my education. I have around $50k in the bank that I'm hoping to invest. I'd love to put it in a multifamily property using an FHA loan, but throughout most of the year, I will be dorming at my university (in-state if that matters). Would this make me ineligible for an FHA loan? Secondly, I've been looking into properties in the Anaheim/Orange area, but multifamily properties in my price range are very rare. Properties that are more inland, around the Riverside area, appear to fit my price range better. Would it be more worthwhile to continue looking at Orange Country properties when I could be looking at cheaper out-of-state properties? I'd love to hear any advice from experienced investors.

Thanks! 

[Nathan Gesner]

Quote from @Kenny Dao:

Welcome to the BiggerPockets forums!

You won't qualify for a low down payment unless you occupy as the owner. I understand the convenience of living in the dorms, but starting your investment journey will produce a better return.