Best way to utilize FHA loan in Los Angeles?

[Mike Gee]

Hello, Im 25, looking at finally investing in real estate. I’ve been doing some research for the past couple months. Ive decided on settling on buying a 4 unit complex and occupying one of the rooms with a roommate for one year. My question is, should I look at 4 units in LA that generally go for about 800-1.1m or look for cheaper in places such as bakersfield. Also, My credit score is in 800s, I make about 50k a year at my new job, will it be hard to get approved by a bank for a property worth about 500-600k? Let alone 1m. I do plan on having a cosigner with good credit aswell. One lady thing, I’ve been doing a lot of calculations with putting 3.5% down on a unit. After tax, mortgage, and other expenses, my first year income typically fell between 12-25k depending on the propertyy. Im assuming thats good considering its only 3.5% down.