Hi Daniel,I just did a cash out refi on my own home with a similar rate so I have cash to purchase a multi family property or to build a SFH or multi family with the help of a construction loan.

I personally prefer a multi employer city.

But they do all work to some degree.

and it does not look like the right deal for me and my investing objectives.However, this is the first multi-unit I have seriously looked at and want to make sure I am making some of the correct assumptions; which are below.

I would like to rent out my SFH that is conventional while obtaining a multi-plex (up to 4 units) with FHA financing.

Ive meet one other guy who owns a multi family complex and we talk all the time.

That said, I'm assuming that purchasing (and living in) a multi-family unit may be beneficial due to first-time homebuyer tax credits?

Flips, rentals, multi-family. 

The total amount of the loan would be about $575,000, which is less than the median average of single and smaller multi-families in this town.

So they will just see your program as higher rent than advertised.