foreclosures and FHA loans/possible options

[Emilio Pereira]

Hi I’m a first time home buyer looking to purchase my first home to start the house hacking processes to get started on my investment real estate journey. 

I have been told by a few agents that Foreclosures and FHA typically don't go hand and hand because the house has to meet certain FHA criteria (basically has to be safe enough to live in with no major repairs needed to be done). Now I know there are a bunch of homes out there that need a lot of work done and can't be purchased using FHA, but is it a myth that I cannot get a FHA on a FCL if I find one that is livable? I'm literally at the beginning of my journey with some cash in saving for my down payment but I'm looking to buy looking at it from an investor viewpoint versus buying a home for me to live in with my family.

Any thoughts or feedback would be greatly appreciated and maybe some direction on where to start. Thank you all and much success!