You're in a great position, but using the wrong type of financing in the beginning could impede the growth of your portfolio.All the bestStephanieI would definitely like to start with a multi-family home but I currently live in Charlotte and can’t afford a Multi family at the moment.

There truly is no right or wrong answer.

Down payment on FHA is 3.5% so you’re not wrong there and safe to assume another 2-4% for closing costs BUT you can negotiate seller assist to cover bulk of the fees if not all.

He is super sloppy in communications, constantly calling me and our business the wrong names which seems to show a lack of care. 

Often the owner provided the wrong account or routing info.

You can't go wrong in this area.  

It’s done but can be risky.Just my 2 cents and how I approached my real estate / home ownership process - not saying it’s right or wrong just sharing my experience

You are investing in the investment promoter in whom you have little recourse if things go wrong.

Yet somehow I did not have the lady taking the packages on camera (maybe she did not and it was weird set of circumstances with packages delivered to the wrong address).   

What if you pick the wrong project, or the wrong sponsor, or the economy changes, or the business plan doesn't work out.