Should go for Max FHA loan or will it hurt me for my next Loan?

[Pema Lhanang]

Thanks to BiggerPocket and Real Estate Rookie podcasts, I am planning to get my first Multi family unit to house hack, I am eligible for Max fha of 650k if I get 3 unit or 540k if I get a 2 unit, my question is should I go with the max limit or should take the lower limit of 540k? What are the advantages of taking one over the other?

Thank you so much in advance.

Pema, Chicago

[John Leake]

Nice to have you here as part of the community. The cost or the property shouldn't be as relevant if it cashflows and you can show that on your taxes for a year or two. I would look for both deals and find the one that makes the most sense financially and make your decision based on that. Good deals can be hard to find so while a little bit narrower of a focus is good the difference between a 2 and 3 unit isn't enough to exclude one or the other. Hope my perspective helps good luck to you!