That means you will probably either pay a lot more and/or will lose a lot more deals before finally getting one.This is not meant to be discouraging, but newbies often quit when they find out how hard it is to get started, and the method you're using (FHA loan) will likely mean you have to have more patience than the average investor who already owns a personal residence and is looking to expand into rentals. 

outside of putting vents in, you do lose any potential access points though so that may be a con for you. 

You're not in a good position to buy right now and not only would you be getting in over your head you would be losing money. 

THIS IS WAY TOO LONG. this document is critical to a wholesale investor because it is what protects us from any dishonest sellers/buyers cutting us out of a deal. i do not want to know what it feels like to lose money on a deal just because i couldnt get this figured out. 

If you wait to save your way to a down payment you could be chasing interest rates as they climb.... in my opinion only reason not to buy you Multifamily house now is because you can't find a good deal or you think real estate will be cheaper in the next year or so because of a" crash ".I believe you have nothing to lose by buying and living in your multifamily property for little to no money down and if it cash flows will help you drastically beef up your reserves.

While they might not have anything to lose, legally, brokers are fiduciaries and must at least look out for your best interest. 

I've purchased my property in my personal name, then transferred them to an LLC.An LLC provides you anonymity (if done right) and it separates your investment from your personal assets so you reduce risk of losing personal assets in a lawsuit.

Stay the course, keep learning, and feel happy when your solid offer gets beat out by a crazy offer because those people are going to be losing money on their investment in two years while you will be cash flowing from being patient and waiting until the market softens a little bit.

This will allow you to slowly step back from the business over time, yet be able to maintain control and not lose ownership if the partner finds out it's-not-as-easy-as-they-thought-it-was and starts to coast.

Once you make a sale, your loan will be paid off at losing.