203k loan on 4plex or first primarily investment property?

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I am very new to the concept of real estate investing having never done a deal before, but i think that can be an advantage with the right plan. I have heard from a few people that your first investment property will require a 25% down payment with a traditional loan, while I could get a 203k loan at 3.5% for a 4plex as an owner-occupant and if I understand correctly after 1 year move back out and lease the fourth unit. My questions are: If I do the 203k loan will the next loan I take out only require the 20% down payment?  If I have the 203k loan out will I be able to qualify for a conventional loan with the debt to income ratio stipulation? (I see it as good debt that I have leveraged from a bank and someone else is paying off, but will another bank see it this way?) Is there anything that I have missed in my findings?