buy small multifamily now or save more for future ?

[Dylan Badinghaus]

hi everyone so sorry i don't have a pic posted yet but i will soon.

so i am 26 years old and newly married as of may 20 (yippie) . we are currently renting a 4 bedroom house for $700 a month paying no utilities and we don't have to mow or do any lawn care. i am wanting to get into small multifamily 2-4 units to start out but i'm not sure what to do just yet . i keep hearing people say how we are at the top of the market and now is the time to sell not buy and a correction should be coming . so i have a couple questions do i keep saving and wait for prices to fall and buy at the bottom ? (who knows how long that may take though ) do i look into buying one now with 20% down and keep renting since its so cheap , Or do we house hack and buy one with an FHA loan ? im just not sure on what route to take i would like your thoughts on this subject. i have $25,000 saved so far to invest with .

i want to get started right away but every time i hear people say the market is going to bottom out again it makes me nervous to get my toes wet . so that makes me think if i save money now i will be able to buy more then if it goes down. but then again interest rates are so low it would be a shame to pass that opportunity up.  

one downfall to the house hacking is we both live in the country now and would hate to move into the city for a year under the FHA loan . i understand its only short term and would set us up better for the future i just have to get the wife on board with the idea .

My long term goal would be to get enough units to replace my income and  buy a 100-200 acre farm and build on that property

 any thoughts would greatly be appreciated