This criteria is for 1-4 and 5-8 unit programs.

Have you considered renting units without purchasing for your business?

From there, you can see if you can afford a 2-4 unit property in the areas you want to target.

We have an entirely too complex PMS for 5 units (Streamline - used on typically 50+ unit portfolios). 

I’d stay the course especially if it’s a nice unit.

There are regulations you’ll need to follow, but you also have more flexibility than with multi-unit properties.

Based on my very limited understanding I would want to leverage my first time home buyer to buy at least a duplex though i would really like to get my hand into a triplex to increase the cash flow while living in 1 unit for a year (lot of tricks and tips here to not have to live in there for a full year which i would like to learn more as well) and lease out other unit(s).

How is that 40 unit project going for you?

Hey @Franco Carollo 👋🏽If you're goal is to acquire rental properties for long-term growth, you should consider a house-hack with 3.5% FHA or 5% conventional financing where you can live in one unit and rent out the others and repeat as often as you can to build your portfolio.

My question is, to finance my first property, should I finance it under an FHA and live in one of the units for the year?