First purchase: single family, duplex, or quad?
I have $50k saved up to purchase my first property? I am debating if I should use this as a down payment on a more expensive small multi family such as a duplex or four plex? Or am I better off starting with a single family, spending less for the down payment, and building a portfolio slowly by adding doors down the line? Please forgive me being naïve, am I obviously new to this process. Any input or criticism would be greatly appreciated. Thank you.
Jared