Private mortgage insurance

[Marky Suazo]

Hi all:

I'm a first-time home buyer in the market for a small multifamily . Ive been looking into using the FHA loan, or something similar in order to take advantage of the low down payment. However, years of paying PMI make this option somewhat less attractive. Is it possible to avoid PMI if I place a downpayment of 10% or less? Or, alternatively, to get out of the PMI after a few years?