First time house hacking, how to get loan funding for this

[Roberto Lugo]

I have decided to start real estate investing by house hacking. i want to buy a 4 to 6 bedroom house and i would live in one of the rooms and lease out the others. My idea here is to cash flow or net out, id prefer to cash flow. I want to live rent free so i can use my salary to save for another down payment. I have 10k in savings, i hear FHA loans allow for a 3% down so i might consider this.

I find it hard saving because the houses here in the DFW area are around 200k an above and to me its expensive and saving for the down payment feels like its going to take forever. it will take me two more years and it seems those dream are far but near. when i do buy this house i will be looking for places that are close to big companies or universities to guarantee to find roommates.

so here are my questions,

1)how can i afford lending on houses worth 200k and above? do i stay patient and save the 20% or will a FHA loan allow me to get the house at 3%, i do expect to live at the house for possibly 1 to 3 years before i make my next move and do this all over again. I'm worried i wont cash flow due to a high mortgage payment but will this wash technically still allow me to live rent free? possibly refinance down the road to start cash flowing in the future?

2) do you think it will be possible to find roommates if i weren't in a college town or close to big companies? is this possible anywhere if i market my rooms.

3) how can i look into researching room leases and how to build one, i assume getting a lawyer?

4) i have found homes around 150k to 170k, and i could enter this market this way, however the neighborhoods are bad and i wouldn't attract the roommates i would want, but i could bite the bullet and make this work some how.

Overall i'm sure like everyone else here were in it for the profits and early retirement. I'm 27 so i think I'm still young and am wiling to house hack and do anything possible to grow this and make it worth it , i do not see my self working corporate for too long and i hope to quit my job to make this my full time job.

The property i plan to buy will be my first house to ever buy, and my house hacking idea will possibly be short term so i can raise enough cash to buy more properties and focus on cash flow. my plans sound really ambitious and would like to hear feed back from you guys, im new to this and doing a lot of homework and research. i hope to be in the home soon and having roommates signing leases.

Also if there any real estate investors in the DFW area, please reach out. id like to take the chance to ask questions and learn from your experiences.