Conventional and then doing a FHA?

[Sardar Mustafa Khan]

Hi everyone, got a nice deal under contract right now (duplex, section 8, no vacancy) and was looking to finance it with a conventional loan.

I was then advised by my accountant/realtor to hold off on financing this property at all and buying it cash, since it will make it impossible for me to get an FHA loan on the 4 unit in my pipeline that I will close on this year. Is this true?

Would really appreciate any advice!