FHA vs conventional loan

[Account Closed]

Hi BP famiglia! 

I am a first time home buyer and looking to purchase a multi family home - live in one and rent out the other. Is it better to apply for FHA loan and put only 5-10% down vs conventional 20% fixed loan from say chase bank? Is it worth doing FHA even if have to pay a higher PMI? I really can't afford to put 20% down in the area I am looking so I am trying to explore a more affordable option. I figure by owning a multi family I could lower my monthly payments by collecting rent on the other unit. I was also told certain properties wont qualify for FHA loans due to restrictions.

My goal is to own multiple properties creating monthly cash flow.  Is this too risky for my first investment? Am I going about it in the wrong way? 

I have learned so much through BP and thank everyone in advance for providing their help and guidance. I will certainly pay it forward when I am a successful REI ;)