FHA Loan at 18 / What problems do you see

[Leo Tamcsu]

When I turn 18, I plan to get a 4 unit house and live with my friends, If I do a down payment of the conventional 3.5% and then split the rent 1/4 or even charge them more, what could go wrong, assuming I’ve known these people my whole life and would assume they are capable of paying there monthly rents

[Blaine Alger]

Main Problem I see is your lack of income history and credit. 

If you have had a consistent job since you were 16 then this might be a different story. But a lender is going to want to see that you have a consistent source of w2 income or at least 2 years of tax returns if you are 1099.

If you don't have a credit card, get one.  There are a number of different options out there for young people who are trying to start building credit. Check out nerd wallet to get you pointed in the right direction. However, treat your credit card like a debit card and pay it off at the end of EACH month.  DON'T BE STUPID and build up a bunch of consumer debt, because that will put you down in a hole.

Shoot me a message if you got any  other questions. 

-BA