First investment/owner occupant
Good morning all,
I'm in my late 20's, have a good steady job. Currently renting in the philly area. With what I pay in taxes, I have come to the conclusion it would be wise to purchase something. My thought is to purchase either a duplex or a triplex and live in one unit while renting out the others. I'm looking at properties that are mostly turnkey as I don't want to have to repair/worry about maintenance issues. This would be my first home purchase. Has anyone had any success with this? Also, I'm not sure if I would want to pursue an FHA loan or put down the normal 20%. What would be the pros/cons?
Thank you in advance!