Is doing a live in flip of one part of a duplex of fourplex possible with a college schedule?

[Wes Short]

I am a student at Indiana University and wanted to lower room and board costs by buying a duplex or fourplex and living in one unit. I wanted to now the best way to finance this, wether it be a FHA loan, because I would be living in one of the units which would let me have a low down payment, or is a private lender pretty necessary here? Also I would like to renovate the unit I would be staying in, so basically a live in flip with one unit of a duplex. Is this possible time wise with a students schedule? Thank you for all of the responses.