Newbie here, what if anything am I missing?

[Sherelle Montague]

Hi everyone! And happy almost new year!

I am gearing up to purchase my first multi family in Feb/March using FHA at 3.5% down. Looking at triplexes and fourplexes as it seems a duplex won't produce enough cash flow as I will be occupying one of the units.

I am working fully remote and have a very unique ability to move anywhere in the US for this purchase. I plan on living in one of the units for my required 12m term and after either selling at a profit or buying a second and moving into that one to repeat the process.

I am analyzing deals like so:

Neighborhood and crime rates

School ratings

Employment rates

Comp rental rates

Actual cash flow after I occupy one unit, pay mortgage, taxes, utilities, mortgage insurance, and set aside funds for vacancies, repairs, and cap. ex expenditures as the books suggest.

When I find the ideal property I will fly out to be present during the inspection.

Should I be analyzing anything else??

Trying to be extremely thorough, and maximize my success for my first go. Any advice and tips on something I may have missed is much appreciated. Thank you kindly!