First Time Multi-Family Buyer Help

[Sangam Baligar]

Hello BPs,

I need your suggestion/guidelines on buying a 2/3/4 plex multi-family house for the first time.

My budget is around $400k and looking forward to holding for 4-5 years. 

A couple of questions:

1. Do you recommend buying under LLC? or personal?

2.  Which one is better: FHA or a traditional loan? I'm planning to go with small community lenders and after some time do a HELOC as well.

3. Any recommendation on buying a multi-family in Philadelphia, PA area? 

I would really appreciate your help.

Thank you,

-Sangam