New guy with a couple of questions FHA loan?

[Mike L.]

Hey everyone!

I am looking to purchase my first house/investment property. I am looking at multi units, duplexes or quad and I have a couple of questions.

• Is it worth me getting the FHA because of the 3.5% down payment with the added monthly fees that lowers my monthly cash flow?

Or go conventional and pay a 20% down payment and make more cash flow monthly?

• And if I went with FHA. how long does that have to be my primary residents? I am looking to live in one of the units for 2-3 years.

Any other positive or negative information you think would help me make a decision on what to do would be appreciated!

Thank you in advance,

Mike Layden