Going big on your first property.

[Dylan Fellows]

In doing my daily searching for deals I came across a 9 unit apartment building that could be a good deal if I could get the seller to come down. I would be going in on this with a partner. I'm wondering if a deal like this as my first investment is smart to jump on or if I should start a little smaller with a duplex and scale up from there. Managing 9 tenants might be a handful being brand new so a property manager isn't off the table but that would lower the cash flow more than I would like. 

I had to come down in my analysis quite a bit from asking price to get the numbers to a place I liked but I guess the answers no if you never ask. If its possible I would be trying to get an FHA loan for this property and live in one unit for the first year.

[John Arnao]

@Dylan Fellows I am also new but I'm pretty sure an FHA loan only applies to 1-4 unit residential homes