First deal on the way, torn with financing

[Antuan Bell]

Hello everyone - I am currently working on my first deal and I'm torn (mostly fear and financing). I have several duplexes that I am considering all are currently occupied & cash flowing with 'long-time' tenants and rent raise potential. I will not be able to live in either unit. 

I also have a few SFHs 2+ bd/ 2+ ba. 

If I purchase a SFH, I will live in the home and keep as a long-term rental and to use the equity to purchase more properties.

Financing, I'm torn between an FHA w/ 203K and R&D financing with down payment assistance.

The R&D financing is limited to 1st time home buyers. 

What are your thoughts? 

Thank you in advance