NACA loan for multifamily investment d/t limited liquid funds

[Erica Viverette]

Hello fellow or beginning REIs, 

I need advice as I've been thinking of obtaining a multi-family property through NACA due to me having limited liquid funds and fair credit. I'm in the process of credit repair as I've hired a company in conjunction with me clearing things up myself however, I still have a long way to go. I feel as if I'm wasting time with all my ideas and learning (although beneficial) yet letting my current situation keep me stagnant. I'm aware that among this loan I will have to owner occupy but I was just thinking of taking the worst apartment and doing repairs myself gradually. Although my money is mostly tied up I don't need this unit for immediate gains. Aside from monthly repair expense reserves and mortgage, I'd like to remainder of funds to until I snowball the total amount and life of the loan adding my disposable income to payments when they become available. The benefit of this to me is an expiration of my procrastination, beginning my REI career now as opposed to waiting, learning about REI with minimal risk, being able to include repair costs to the loan, no closing costs, fair yet improving credit. All advice is welcome!