BRRR with FHA Loan?

[Alexandro Jimenez]

Hey everyone, i'm planning on using an FHA loan to buy my first property, but i'm wondering what characteristics I should look for in a property that qualifies for FHA that would also make a good BRRR. I'm shopping in a pretty hot market (Omaha), but am kind of stuck in terms of what my price point should be. I know that house hacking a multi-family is an option, but with the amount of competition here right now, I don't think an FHA loan would be competitive enough to get a multi-family under contract. I will try regardless! Any suggestions help, as I am a complete newbie and will appreciate and form of advice I can get from you guys. TIA