Multifamily In Brooklyn

[Michelle Backer]

My first time buying property ..

I live in a beautiful Brooklyn area .. I rent.

I want to buy land with an FHA loan or some loan that is 3% down in Brooklyn. I want to pay off the mortgage with tenants. I was born / raised in nyc so I know Brooklyn extremely well

Condo looks so complicated plus fha approved are hard to come by. Can anyone give tips as to whether or not a multifamily is a good idea for someone in my position, someone looking to invest?

If not now should I wait a couple years? Many knowledgeable people have predicted a recession by 2020.

Thanks!