FHA or conventional loan???!

[Lawrence Holloway]

I’m a 21 year old male trying to acquire 4 different rental properties from one of my fathers friends. He’ll let them all for go for a total of $175,000. Total rental income it brings is $3150/mo. I’ve never bought a home or use any type of loan for anything. My credit is a 784.

No bills besides phone and food so my DTI ratio is great. I wanted to know if there is any way possible I could get a FHA loan (first time home buyers' 3.5% down loan) for these homes. Maybe using a smaller, more local bank could help?

Located in Cincinnati, Ohio