Qualified for 400k. should i buy 4 family?

[Account Closed]

With my 400k qualification. Should i fha a four family and live in one unit?  Im looking in the Austin texas market right now and need to find a good deal. 

What should i expect to make roughly? will i live rent free if its a good deal? 

[Kris Wong]

You'll have a hard time finding a decent quad for $400K. Anything you find below $400, you probably won't want to live in. I'd focus on a nice duplex. You will not live for free. Most duplexes listed here barely cover costs with both units rented, if they even cover all costs. Obviously, the further you go from the city, the less you'll pay. I've been recommending Franklin Park for this kind of deal recently, though prices in that area has been increasing as well.