Trying to decide on the first Property please help!

[Nick Rice]

Hey BP!

My Wife and I are trying to decide on the best move to make on our first property in Orlando. We are currently Renting an apartment, and want to buy and househack our first property. With a qualification of 160K I originally wanted to be conservative and stay under 100k. After researching and looking at everything from 60k (lowest our Lender would go) to about 150k, we really like a 3/2 SFR property closer to 150k that we can rent out two rooms. I've noticed that for the most part higher price = better quality like anything We were also looking at a Condo that is significantly less and decent condition (don't really want HOA Fees but the rent could cover payment and HOA) @ 70K, but we could only rent out a 1 Bed/Bath. We are planning on leveraging a FHA loan though we can put more down. Our goal is for this first Property to be a stepping Stone into the world of REI, buying more Properties and building Cashflow. Does anyone have any recommendations? Thank you!

[Thomas S.]

Invest in a 3-4 plex and live in one unit.