FHA Loan house hack

[Kristopher Tursky]

I am looking at a 4 bedroom home in a great area that can be easily converted to a duplex. I plan to live in the home, rent my other room and the other half of the house. I do not have enough cash to put down 20%. I currently have commercial real estate but this will be my first residential purchase. Have any of you used FHA Loans for your first purchase to avoid the down payment? What was your experience? I have been given advice personally not to utilize this kind of loan but if the property cash flows does it matter?

Thank you!