First Investment Opportunity (NEED ADVICE)

[Braden Taylor]

I am brand new to the game and have an opportunity to get off on the right foot (or so I would like to believe). There is a 4-plex as well as 2 duplexes for sale in my area, and I could potentially snag all three of the properties for under $365,000. More than likely going for a 20% DP, so that amounts to $72,000-$74,000ish. I believe seller pays closing costs (correct me if I'm wrong). These deals are all somewhat time-sensitive and they are off the market so not much (if any) competition at the moment.

Currently, I am a senior in college going for a double major in accounting and finance and plan on going for my MBA, sitting for the CMA and CPA, so I would like to think that I can handle the financial responsibilities. Not only that, but I took a 4 month class completely dedicated to creating a business plan, which is now coming close to around 25 pages with all details considered.

I believe I am ready for the first jump, but I'd like to hear from the community if buying all three would be too risky. The 4-plex is a DEFINITE "must buy" for me. Too great of an opportunity to pass up. As far as financing the down payment, I will most likely be using a business-minded and generous family member, but please feel free to throw out other financing advice as well such as HELOCs and such. I've pretty well decided not to go below 20% DP so I can avoid PMI. Any advice would be much appreciated! Thanks in advance.