Will this seller financing deal stop first time FHA loan?

[Lawrence Holloway]

Im a 21 year old guy with a opportunity to seller finance a portfolio of 12 SFR. I haven't bought a house yet and I've been working a W-2 to get the 3.5% down payment on my first 4-plex.

I want to know if I will lose the 3.5% down payment if these 12 SFR are in my name when I go to get the loan.

Please help me out