I kept hearing about how you can get an FHA loan for multi families up to a quadruplex as long as you live there for a year minimum.

As long as the rest of it makes sense. 

@Adam Elbary: I can't speak to conventional lender requirements, but many private/HM lenders will be comfortable with less than 25% down... as long as you are buying the property below market/appraised value.

You will want to target a Fannie Mae loan specifically, as Fannie changed their rules back in 6/1/2016 to now allow the borrowers of the loan to transfer title in to an LLC so long as the borrowers are the majority members of the LLC.

But there is an exception that allows 3.5% down so long as your cosigner is a family member and: 1) the cosigning family member is not also the seller and 2) if the property is not 2-4 units. 

In this case, I would say friends are probably better tenants as long as they're aware of everything in their lease and you're straight up with them.

But I'm starting to learn from a lot of people on here that even if its not perfect, as long as you're smart and creative about it, there are ways to make it work that won't send you into financial ruin. 

As long as your numbers are realistic, you'll eventually find a deal. 

The inspection process can be a bit of a nuisance, but as long as you know what to expect going into it, it's not bad.

The bank doesn’t care where the 20% down payment comes from, as long as their only putting in 80%.