Best choice for first multi-family based on down payments?

[Sara Furlong]

I want to confirm that I am correct:

For the first multi-family, which we are going to occupy, I can put down 3.5% with an FHA, whether it has 2, 3, or 4 units?

Then for the next multi-family home we buy, we'll need to use conventional financing, with at least 20% down for a duplex and 25-30% down for a triplex or quad?

We are looking for our first multi-family, which we plan to owner occupy. If I am understanding the above correctly, does this mean that we should buy a more expensive property for our first, perhaps a triplex with three income-producing apartments, since that is our one opportunity to pay only 3.5% down? Then (ideally) we can accumulate some duplexes that we'll have to put down 20% for?