FHA VS Conventional VS Commercial financing

[George Samios]

Hello everyone,

I am looking to invest in my first property but I need some advice on which way to go for the loan. The property will be probably bea multi-family 2 to 3 units and it won't be in my home state. Would I be able to get a commercial loan on the property given I put down 20%? Should I have the property in the LLC? or should take the FHA or conventional route and have good insurance? If I can put less then 20% down with an FHA loan would this make sense? Do I have to make it my primary residence?

Any advice will be greatly appreciated. 

Thanks