Thanks for the words of encouragement.

Now, continue with the basics below and good luck with your local marketing and acquisition plans. http://www.biggerpockets.com/starthere http://www.biggerpockets.com/ubg http://www.biggerpockets.com/meet Setting up Keyword Alerts How to Use @Mentions on BiggerPockets 25 Tips for Real Estate SuccessREI can be very daunting, but, before you go searching for that 1st buy, please take a few minutes to bone up on the tips in link below.http://www.realestate.com/advice/buying-your-first-investment-property/ However, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

I've been looking into automating the tenant application process using an interactive pdf app, and I haven't found a simple solution.  

I am not sure the types of multifamily properties in the area that you could get into, but to generally answer your question, I would 100% encourage you to use an FHA loan on a small 2-4 unit multifamily property.

But I encourage you to run the numbers and benchmark them against the S&P.

@Scott Van Straten, thank you for the thoughts and encouragement!

Just be sure not to hang around with all the "wannabes"... interact with the investors who are doing things.

Here, an RE INVESTING website, it is not only encouraged it is almost expected.

And quite frankly, now I'm scared.John Taylor Gatto, a retired school teacher and activist critical of compulsory schooling, asserts, "We could encourage the best qualities of youthfulness – curiosity, adventure, resilience, the capacity for surprising insight simply by being more flexible about time, texts, and tests, by introducing kids into truly competent adults, and by giving each student what autonomy he or she needs in order to take a risk every now and then.

Ramon Purifoy Your not scaring or encouraging on time payment with a $300 dollar late fee.