Multi-Family / Single Family Units In Dallas and Collin County

[Cory Dean]

The more and more I'm learning about real estate, I am finding that a really good way for me and my wife to jump into REI is to use an FHA loan and buy a multi-family and live in one of the units for a year or more.

The actual niche and strategy I am interested in investing are SF and MF buy and hold.

The questions I have - being born and raised in and around Dallas - is are their decent/good markets for multi-family properties the Richardson, Plano, Garland, and surrounding cities?

Seeing that we will be living in one of the units and expecting our first child in June, I'd like to invest my money is areas that considered safe and family friendly.

Also, if we were to have $20K - $30K saved up buy the time we are ready to buy, would going the SF route with an FHA loan be viable option for what I am wanting right now?

I would evaluate and buy the property with turning it into a rental property in mind. With that being said, I keep reading on here that the cities that I mentioned are getting harder and harder to cash flow due to higher property taxes and higher home prices because of the booming commercial economy.

Any help or advice would be greatly appreciated.