Where would you start investing in Multifamily: Single Family, Douplex, Triplex, fourplex ? Primarily using FHA / Low money down traditional mortgages.
Dallas/ Fort Worth (DFW) in Texas or
Fort Lauderdale / Miami South Florida area?
South Florida is extremely competitive and overpriced especially for multifamily.
The inventory of legitimate triplex and quadplexes from Miami-Dade up to Palm Beach Counties is very low because historically, not many were built. Unless you can make it work with duplexes with generally low cap rates for Tier 1 metro area, it's going to be tough. I don't know DFW.
I spent 2 years living in Miami and the past 2 years living in Dallas. MFHs are way more common in South Florida compared to the DFW. The prices will be much higher in South Florida tho.