Living in in-law set up with FHA loan

[Victoria Demetri]

Hi,

My boyfriend & I are looking into our first real estate investment property. Our original plan was house hacking and we are looking for a multi family. The market has more in-law set ups than multifamily homes where we are located. We want to use an FHA loan for our first property as we plan to live in one unit and rent out others. If we decide to buy a home with an finished basement/ in-law set up. Can we live in the smaller unit and rent out the main level home with an FHA loan or do we need to reside in the main level? I have not found any sufficient info whether or not this is allowed.