Multi family as first purchase

[Michael White]

Hi Am yet to purchase a property but looking to buy somewhere in LA next year as a first home (and partial investment). I've looked into the idea of multi family and renting the other one out to eat into the mortgage and save some capital to reinvest. I believe you can get FHA and 203k loans for these properties- would like some feedback as to if this is a good idea? Also re unpermitted granny flats etc - what are the drawbacks and is it difficult to convert to get a permit? Thanks