Tips on a live-in multi-family home to start

[Breandan Garland]

Hello all!

I want to introduce myself to the members here at BiggerPockets. My name is Breandan Garland and I currently live in southern New Hampshire. I have been a member at BiggerPockets for a few months now, but I have not yet gotten involved in any dialogue on the site. I have been quietly reading and listening to the podcasts for months now, but I would like to start investing as soon as possible. Unfortunately, I do not have much start-up capital I can throw at a property. I do have a full-time job currently that I can use as some sort of source of capital, but I feel that sourcing a mortgage or a conventional loan through a bank would not be successful with my income and credit.

After much thought, I feel that I want to start with a multi-family (2-4 unit) property that I can live in and manage. I am not scared of having to do rehab to the property, but I am concerned with figuring out how I will fund any rehab costs. Are there any success stories out there from people who were in similar situations as I am starting out? I have heard a few, but I would like to get into conversation with some folks who can offer me real-life examples.

Thanks in advance! I look forward to getting into a conversation with some folks and opportunities to ask follow-up questions. I am open to suggestions!