Newbie Alert....first time buyer (Duplex)

[Nicholas J. Sciamanda]

Hello all. I'm new to the forum and am getting ready to buy my first income property. I am very excited but also apprehensive. Anyways.....here is my situation. I will be buying a duplex for $250,000, one side is currently occupied and pays $1,450/month and I will be living in the other side. What is the best finance route to go? Conventional with 20% down, FHA, etc? Any and all advice will be greatly appreciated.

As a side note, with the purchase of this property, there is the option to buy the other two duplexes on the property in 1-2 years time which are of identical design and footprint with the same amount of monthly income.

Thanks,

Nick