Forced to buy a SFH over a MFH as first investment?

[Brandon Tran]

Hi,

I'm looking to buy my first property in Charlotte NC, the market here is so hot that a lot of multi-family properties are getting scooped up for way better offers than I can offer. A lot of MFH are going for 500k+ in my area plus most of them are not accepting FHA loans, they're wanting conventional 15-25%. Is buying my first property as a SFH going to slow down my time-line to financial freedom? I'm trying to go into Airbnb afterwards to build up hopeful cashflow in the future.

Currently working a 9-5 and hoping to quit that in possibly 2-3 years so I can spend time with my girlfriend and travel. Can anyone provide some advice or guidance because I feel like a lot of people have gone through this predicament and could tell me what they have learned.

Thanks,

Brandon