Condo as a First Investment?

[Jason Khoury]

Hi everyone, 

I am currently looking for my first investment property, most likely a SFR due to budget restrictions. I am in the pacific northwest and prices here are high compared to some of the investing hotspots around the country. My plan is to occupy the property for a year (to utilize FHA), then rent it out and look for a new property. There are a couple of turnkey condo's in my area that are within my price range.

Would you buy a condo as your first investment or would you hold out for a SFR instead?
Thank you!