Buying a single family to get started

[Brendan O.]

Hello BP,

I would love some feedback on which direction I should go. I love the idea of buy and hold and thats ultimately I think the direction im heading. I have a few options and i have about few hundred thousand to play with. The first is buy four units with an fha but have to pay omi. Second is to buy a single family, live there and rent out the rooms to pay the mortgage. Third is to do a flip with a friend who is a contractor. Fourth is to wait until my uncle builds another multiunit building where i can easlly double my money if the market is anyway decent. Im in san francisco so that might not happen for years. Right now i think the single family with 4 or 5 bedrooms is my best option but should I put down 20% or try 10% and possibly buy a second. There are some single familys in the outskirts of sf around 6 to 700k near a few colleges. Any help would be greatly appreciated.

Brendan