How much are you willing to risk?

[Bill E.]

looking to buy a small multi family with an fha loan. Since the down payment is so low on an expensive property, how worried would you be about the mortgage payment? Would you buy a little bit more than you can afford, hoping that it will only take a month or two to find a renter? Or would you buy something that you can easily make the payment on even if the duplex is vacant. I will be owner occupant. 

[Thomas S.]

Going in with reserves reduces/eliminates the risks.

If you are entering into investing with your resources that tight you are probably making a mistake investing. Starting any business is high risk and you need to be prepared.

Landlords depending on tenants are at the mercy of their tenants and usually make major mistakes that can bankrupt them.