House hacking with no down payment.

[Cory Shea]

My wife and I are currently living in an apartment 5 minutes from downtown Redlands, CA. We are looking to purchase a Multifamily (preferably close by) to use as a house hack within the next 3-6 months. Then put away the money we save from not paying rent into a savings fund for our next deal. Thing is, we don't have anything saved up and I am wondering if anyone has some advice on how we can get the down payment covered as well. I'd like to use either an FHA or 203 K loan.

I'm open to any constructive criticism or comments you have on this subject. I'm brand new to the world of real estate investing. But I'm excited to learn and grow along the way!