Many say to stay away from investing with friends or family members; i dont think inherently the relationship is the issue, so long as you've dotted i's and crossed t's well before it matters. 

My family and I are planning to upgrade our living situation in a few years but we live in a HCOL (New York City) area so it’ll probably take that time to save up the down payment.

Investment Info:Single-family residence fix & flip investment.

My initial goal is to house hack, purchasing a small multi-family property within the next year, ideally the next 6 months.I am between Atlanta and Athens and have relatively little savings so unless I find a partner I will likely be using an FHA or USDA loan for my first property.

Long Time reader, first time poster...here goes.Investor looking at a deal in Oklahoma near our other properties.  Property is one parcel with 6 permitted structures on it, 4 duplexes and 2 SFH, total 10 units.  Comme...

Would suit a professional couple or family looking for more light.”I'll see myself out...

Hi River,Yes, I’ve been actively looking for multi family units here in Los Angeles. 

Eventually, i would like to be a real estate investor; whether it's renting out a single-family dwelling, duplex, etc.. 

I am beyond the two years required.What I am trying to do is find a way to buy a multifamily using FHA 3 1/2% down payment as opposed to 20% or 25% as an investment property.I have a situation where it would be beneficial for me to try and help my mom and my sister move into a place  because I can afford to purchase it… The grey area is whether or not they are considered family members per FHA guidelines to qualify for the 3 1/2% down payment. on the FHA website… It says family members are considered parents, sisters, brothers, etc.I am definitely not trying to do anything illegal, I just thought maybe if I sell my primary residence… I could buy the multiunit per FHA guidelines as long as my mom and my sister are considered family.I have been told that the 12 month or 24 month living requirement only requires one family member to live in the home… So if my mom and my sister are considered family members… Does that meet the requirement? 

I moved to Ohio and now work as an agent and a new investor in the Cleveland market.Single families are in the 90-120k price range, and duplexes are in the 120-180k price range.Many out-of-state investors have grown their portfolios in Cleveland using the BRRR strategy.