First investment questions:4plex

[Alexander Alguire]

I am looking at a 4plex in Phoenix as an investment property with the plan to buy, update a tad and then sell 2-3 years down the road with a good chunk of added equity. This would be my first investment property EVER, and I am searching for advice from those of you who have invested in MF properties. I currently do not have lots of money but the agent I am working with said it should qualify for a 203k loan. What financial barriers do you see coming my way? Starting money past a down payment is what I am mostly concerned about. Also, the seller wants a 10% down, I would like to get that down to 3%, what strategies would you recommend in helping me do so??? If any of this seems wrong, please let me know, I am extremely new to this but VERY eager to learn.