First property: House Hack vs. Rental

[Mariano Mossburg]

Location: Northern Florida(Gainesville)

For your first property, what do you think about house hacking compared to purchasing a rental? In this scenario, your current living situation would most likely be cheaper than the cost of your house hack expenses. 

I'm leaning toward a house hack for three main reasons:

1. Financing options... Buyers are also more likely to accept an FHA loan during current market conditions with less sale volume.

2. Tax benefits.

3. Ability to increase the value of a house(renovations) over the span of a year while it is your primary residence.

Concerns: 

1. The mortgage expense for the first year before renting it out.

2. Financing options limiting the possibility of a good deal(not getting approved for a fixer-upper with sweat equity)

Am I wrong? Am I right? 

There are other financing options, but I wanted the bigger pockets community opinion. 

[Zachary Harrison]

Why would you wait a year before renting it out?  The purpose of a househack is to rent out rooms or part of the house while you live in it to reduce you housing expense.  It is not uncommon for people to get half of their mortgage covered while house hacking.  Sometimes more than that.  Best of luck going forward.