First Property Decisions

[Alexander Vitro]

Thinking about making my first property an owner occupied multi family. The obvious benefits being that renters pay your expenses for you. I'm thinking the downside is that it's a pretty slow way to accumulate capital for additional properties but since I don't own properties yet I'm probably going to need collateral for loans right? I would be buying this property in Hudson County, New Jersey.

Does anyone have thoughts on this? Are there other alternatives/aspects I should consider?

Thanks!