I want to buy a 3 or 4 unit multi family with 0% down. Iv rented all my life and excited for the opportunity. I make $180k and in about a year I’ll have $60k in cash reserves. Also a disabled vet so no funding fee.

I currently live in LA but looking to buy the property in Philly because I have family in that area and there’s a lot of multi family properties.

From what iv been seeing with 0% down theres really no cash flow. Like if I got a 4-plex and it was all 1 bed 1 bath, my tenants would all pay $1100, and I’d probably have about $1000 left to pay myself.

Is this worth it? I mean it seems way better than just getting a single family home because they’re paying into equity for me. It’s way better than renting for $2700 in LA like I do now. If interest rates go down and rent increases (Philly has no rent control) I’ll probably go positive quickly. I can always refurbish a bit too.

I would also look into airbnb which I have friends that do that in Philly.

In my head it seems significantly better than a single family home, and I’m ready to pull the trigger and looking for a good long term investment.