Buying my first property

[John Devereaux]

Hi Bigger Pockets Community,

Sometime in the next year I would like to buy my first investment property. I am looking to obtain a multi-family home, preferably 4 units.

Before I do so, I realize I need to expand my education and learn from others who have been in the same position. I do not come from wealth nor do I have a lot funds. I would love to hear some suggestions about an ideal first purchase of a multi-family home. Here are a few questions I have:

1) what are the positives and negatives to living in your own investment property? This has crossed my mind a lot and it doesn't seem like something I read too much about.

2) What are the ideal financing tactics you have used when buying your first home with little funds to start?

3) Is a multi-family the best place to start with little funds?

4) What are the best ways to minimize my risk?

Thank you all for sharing!