Utilizing this strategy with FHA or Conventional loan products.Although sometimes the 4 units can be hard to find sometimes you can compromise and find maybe a 2 unit or 3 unit with 4 units.

Or should I save up separately for my first rental property and keep my personal residence out of this?

We haven't decided if we want to keep this or sell it.

This also allows you to be involved and gain experience for the future. 

I assume many of these Sellers may consider other options with more information at their disposal.

I've been on this platform and learned so much from fellow investors.

I know one of the main qualifiers is it has to be owner occupied - which is fine.Will there be any issues with this second purchase being in the same town as my first MF home?

I learned this lesson the hard way when I bought my first investment property off market.You need tenants who stay for many years, pay rent on schedule, and take good care of the property.

Curious whether you have solved this yet?

Early in my career, this really bit me in the tush and I am seeing many investors walking right into the same trap.