Is doing the brrr the right move for me

[Brandon Acevedo]

Hey all, I'm looking at buying this house and it's a total dump. But it's super cheap for the market right now. I currently own a home and am living in it. It's next to a college so renting it would be really easy. The house I want to purchase I was going to take a hard money loan out through family a member on top of them paying for rehab. I'm hoping to purchase the house for 150k put 50 into it for rehab. The ARV is roughly in the area of 280k-300k. My plan was to buy it rehab it and refinance. But move into the house with a roommate. And rent out my current house because it's bigger and has more beds and baths. I guess my question is, with me moving into the house I'm trying to BRRR, would it still work and be effective since technically I'm not renting it out except for one room? Thanks for the advice and your time.