Starting in Los Angeles - FHA?

[Nick Moreno]

Hi everyone,

Happy to be apart of the community! My name is Nick and I have been living in Los Angeles for about four years now. I have been looking at multi-family properties the last few weeks. I'd really like to get everyone's opinion on my approach here. I'd like to take out an FHA and find a 3 or 4 plex in the LA area. After looking at different properties across Los Angeles, cash flow isn't jumping out at me with expenses and insurance taken into consideration. It looks like, for most places, I would barely be breaking even.. If that. With the current pandemic, I wouldn't be comfortable renting to anyone but section 8. My question to the community is, does this make sense? I haven't looked much into investing in different states but from what I've read here.. That's how many people have gotten their start. Thanks a ton!