Newbie From Chicago Suburb Area With A Few Questions

[Casey Blakely]

Hello there! My name is Casey and I am definitely a newbie to real estate investing. I first became interested after reading Rich Dad, Poor Dad by Robert Kiyosaki. I'm learning a ton from Bigger Pockets and other resources as well, and I'm really excited to get started.

Here's a question for those who have been investing for a while, and I suppose for those who are just getting started too. I plan on investing in a duplex first and using it as an owner occupancy. Would it be wise to purchase it using an FHA loan if I don't have the 20% to put down? If anyone has purchased a property using an FHA loan, what are some pro's and con's that you have encountered?

Also, I plan on using a property management company. Would it be wise to let my tenants know that my partner and I are not only their neighbors, but actually their landlord as well?

Any advice would be much appreciated!