Investing Strategy Los Angeles Area

[Ruddy Anthony Salazar]

Hey everyone, I need a bit of advice on strategy I should take with my first home purchase. I was just approved for 700,000 FHA @ 3.9 interest and I am waiting to get my Certificate of Eligibility so I can get my VA options. I have been considering 2 different options. A SFR with 6+ rooms (live in 1 and rent the others) Or A Multiplex In Los Angeles area, the areas and rents of each place change significantly along with the purchase price. The 3 locations I have been considering is North Hollywood, Northridge, and LA south of USC. Any recommendations and suggestions to really get the ball rolling in Real Estate?

[Bill Larsen]

I totally agree with @Shawn Ward ... stay away from rent control.  It's no fun. 

Any interest in long beach? lots of good areas to find multifamily in that price range