Newbie House Hacking

[Amir B.]

Hello BP Community,

I wanted some feedback and advice from RE investors. I am interested in purchasing a triplex or quadplex outside my county (reason being price). Depending on the price, I might be using an investment loan or a FHA loan. I have never purchased any RE and this would be my first deal.

I was advised by an investor to learn the business first and then invest. However, I am currently paying $1100 for my apartment and utilities. Why not have my tenants pay my rent and mortgage? I totally understand their are many liabilities involved when you become a landlord. 

Please advise.

Thank you.