Deciding on the right owner occupy property.

[LaRema Rucker]

Hello all,

Mu husband and I are just getting started in REI and we want to purchase a 2 family home and owner occupy with an FHA mortgage. We have looked at multiple properties and so far come across one where the numbers work out for our goals and has been superbly maintained by the owner in a market where it seems like many properties need so much work. However, the size of the apartments in the building (especially the bedrooms) are about half the size of the apartment that we currently live in. We've seen it twice, thought of ways to renovate, but there is no changing the footprint. We are tossed between should we pull the trigger because we know its a good property and good investment over time or continue to look for something that suits both our living and financial needs? It will be our first property so its sort of a huge decision and we want to make the right one.