Type of property to invest in Baltimore-Washington areas for rent

[Riteash Tiwari]

Hi Folks

I am completely newbie in the field of real investments. Up until now, I was focusing on saving so I can invest, in real estate. Talking to few of the lenders, I found that with my saving and amount of the loan I likely to approve, I can buy property of ~$400K. It would be helpful to start, if I can get advice for followings.

Objective: Hold and Rent Investment

Que 1. What is the best area to buy property for rental income in Baltimore-DC area. I live in Howard County, closer is better, but I would rather focus on business value of location then proximity to Howard County.

Que 2.  

A. What is the best property type to invest for rental income in this area, SFH, townhomes , condo, or multi family?

B. Based on the book I read, it seem Fourplex are the best choice. What is opinion of experience people about it? Where multifamily property like Fourplex located in Baltimore-DC area.

Thanks