House Hacking in SoCal

[Jon Khalil]

Hello BP! My question is in regards to house hacking. I’m looking at acquiring a property in Oceanside, rather than live in an apartment. I was thinking I could go apply for an FHA loan and put 3.5% down on a duplex, and rent the other side out so that way I could live for cheap, or possibly even make a little money every month. My questions are... what is the nitty gritty? What should I be looking for numbers wise? And what are my chances of getting approved for an FHA loan with decent credit?