Quadplex as primary residence however living at my other house (real primary)

[George Drexel]

Anyone have experience doing this? How does it work? Is it a headache or is there any type of legal issues with this method? I would love to start investing using little to no money down. However I don’t want to make mistakes if I can help it. Any and all advice would be greatly appreciated.

[Matthew Kwan]

You can always start off on house hacking a multifamily in MI 1-4 units with min 5% down or 3.5% down for FHA. This will allow you to acquire more rental units and also being able to use the vacated unit rents at 75% to help your debt to income ratio DTI.
There is a FHA 100 mile rule if you do plan on using FHA on your 2nd house hack. The fha 100 mile rule will be triggered whenever you try to vacate your current primary and also trying to use the rental income to qualify.

However, this 100 mile rule can be exempted for the following rules

1. Relocation
2. Increase in family size
3. Vacating a joint owned property
4. Non-occupying co-borrower

If you are not trying to use FHA on your 2nd house hack, you can use conventional and the rules that I mentioned above will not be a concern.

@Carlos Valencia @Albert Bui