Central CT Buy and Hold

[Jay Hassey]

Hi,

I've come across a few Connecticut threads already, but none really hit on what I'm looking for so I figured I'd start one on my own. I'm looking to buy my first rental property at some point this summer. I'm hoping to find a 3-family somewhere, and to live in one of the units. I'm just having trouble finding cities/towns where the numbers will work. I live in West Hartford (which is definitely off the table, way too expensive). I'm not opposed to living in a less than desirable town (i.e. New Britain) as long as the area is safe. Does anyone here invest in this area? Any suggestions?

Also, I was thinking about doing an FHA loan. I don't have much to put down, so it seems like the best option. Is there anything that should make me think twice about going this route?

Jay