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.