Advice for strategy as a first time home buyer & investor

[David Neubauer]

Hello all, 

I am currently living in a small apartment which I am renting. 

Within the next 2-3 years I plan on buying my first home. 

Currently, my parents are looking to downsize their home, and I came up with the idea to purchase a 3-4 unit multifamily investment home, where I can live in 1 unit for a year, they live in another, and we rent out the other 1-2 units. I am hoping to purchase the property in their name, and put it in a trust for later down the road. 

- How does this strategy sound to you experts? 

- Will this strategy impact my long home buying abilities 2-3 years from now when I am looking for my long term residence, and if so how? 

- With the property I intend to purchase 2-3 years from now I would hope to get a 15 or 30 yr conventional loan, but what should I consider for the investment property (hoping to put down as little as possible).

Thank you all in advance! :)